Minnesota Housing plans $60 million sale of homeownership bonds

By Sheri Kasprzak

New York, Aug. 18 - The Minnesota Housing Finance Agency is expected to price $60 million of series 2011E homeownership finance bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with RBC Capital Markets LLC as the senior manager. The co-managers are Morgan Stanley & Co. Inc., Piper Jaffray & Co. and Wells Fargo Securities LLC.

The bonds are due 2012 to 2022 with term bonds due in 2026, 2030 and 2034.

Proceeds will be used to make homeownership loans to qualified low- to moderate-income Minnesotans.

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