By Sheri Kasprzak
New York, Oct. 12 - The Minnesota Housing Finance Agency sold $75 million of series 2012B homeownership finance bonds, according to an official statement.
The bonds (Aaa) were sold through senior manager RBC Capital Markets LLC.
The bonds are due Dec. 1, 2042, and have a 2.25% coupon priced at par.
Proceeds will be used to finance housing loans for low- to moderate-income families in Minnesota.
| Issuer: | Minnesota Housing Finance Agency
|
| Issue: | Series 2012B homeownership finance bonds
|
| Amount: | $75 million
|
| Maturity: | Dec. 1, 2042
|
| Coupon: | 2.25%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC (lead), Morgan Stanley & Co. LLC and Piper Jaffray & Co. (co-managers)
|
| Rating: | Moody's: Aaa
|
| Pricing date: | Oct. 3
|
| Settlement date: | Nov. 28
|
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