New Issue: Minnesota Housing Finance sells $72 million in homeownership finance bonds

By Sheri Kasprzak

New York, Sept. 22 - The Minnesota Housing Finance Agency priced $72 million in series 2010A homeownership program finance bonds on Wednesday, said a term sheet.

The bonds (Aaa) were sold through RBC Capital Markets Corp., Morgan Stanley & Co. Inc. and Piper Jaffray & Co.

The bonds are due 2011 to 2022 with term bonds due 2025 and 2028. Coupons range from 0.45% to 3.45%, all priced at par. The 2025 bonds have a 3.8% coupon priced at par, and the 2028 bonds have a 4.25% coupon priced at 106.845.

Proceeds will be used to purchase program securities.

Issuer:	Minnesota Housing Finance Agency
Issue:	Series 2010A homeownership program finance bonds
Amount:	$72 million
Type:	Negotiated
Underwriters:	RBC Capital Markets Corp., Morgan Stanley & Co. Inc. and Piper Jaffray & Co.
Rating:	Moody's: Aaa
Pricing date:	Sept. 22
Settlement date:	Oct. 21
Maturity	Type	Coupon	Price
2011	Serial	0.45%	100
2012	Serial	0.75%	100
2012	Serial	0.85%	100
2013	Serial	1%	100
2013	Serial	1.10%	100
2014	Serial	1.35%	100
2014	Serial	1.40%	100
2015	Serial	1.75%	100
2015	Serial	1.80%	100
2016	Serial	2.10%	100
2016	Serial	2.15%	100
2017	Serial	2.45%	100
2017	Serial	2.50%	100
2018	Serial	2.75%	100
2018	Serial	2.75%	100
2019	Serial	3%	100
2019	Serial	3%	100
2020	Serial	3.15%	100
2020	Serial	3.15%	100
2021	Serial	3.30%	100
2021	Serial	3.30%	100
2022	Serial	3.45%	100
2022	Serial	3.45%	100
2025	Term	3.80%	100
2028	Term	4.25%	106.845

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