By Sheri Kasprzak
New York, Jan. 9 - The Minnesota Housing Finance Agency priced $75 million of series 2013A homeownership finance bonds, according to a pricing sheet.
The bonds were sold through RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co.
The 30-year bonds bear interest at 2.35% priced at par.
Proceeds will be used to finance mortgage loans for qualified Minnesota residents.
| Issuer: | Minnesota Housing Finance Agency
|
| Issue: | Series 2013A homeownership finance bonds
|
| Amount: | $75 million
|
| Maturity: | March 1, 2043
|
| Coupon: | 2.35%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead)
|
| Pricing date: | Jan. 9
|
| Settlement date: | Feb. 28
|
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