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Published on 3/19/2012 in the Prospect News Municipals Daily.

Minnesota Housing plans $150.75 million sale of housing finance bonds

By Sheri Kasprzak

New York, March 19 - The Minnesota Housing Finance Agency plans to price $150.75 million of series 2012 residential housing finance bonds, according to a preliminary official statement.

The deal includes $50,945,000 of series 2012A AMT bonds, $8.83 million of series 2012B non-AMT bonds, $30,975,000 of series 2012C non-AMT bonds and $60 million of series 2012D non-AMT bonds.

The bonds will be sold through RBC Capital Markets LLC. The co-managers are Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Morgan Keegan & Co. Inc.

The 2012A bonds are due 2013 to 2023, and the 2012B bonds are due July 1, 2024. The 2012C bonds are due July 1, 2027 and Jan. 1, 2029. The 2012D bonds are due Jan. 1, 2031 and July 1, 2041.

Proceeds will be used to finance mortgage loans.


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