Minnesota Housing Finance to sell $100 million housing bonds Thursday

By Sheri Kasprzak

New York, Jan. 26 - The Minnesota Housing Finance Agency plans to price its previously announced $100 million in residential housing bonds on Thursday, according to a bond market calendar.

The bonds will be sold on a negotiated basis with RBC Capital Markets Corp. and Piper Jaffray as the senior managers.

The sale includes $26.795 million in series 2009A bonds, $33.205 million in series 2009B bonds and $40 million in series 2009C bonds.

The bonds are due 2010 to 2019 with term bonds due 2023, 2024, 2029, 2032 and 2038.

Proceeds will be used to purchase home mortgages to assist lower income families.

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