New Issue: Minnesota Housing Finance offers up $50 million housing bond offering

By Sheri Kasprzak

New York, April 16 - The Minnesota Housing Finance Agency priced $50 million of series 2014B residential housing finance program bonds, according to a pricing sheet.

The bonds were sold through senior manager RBC Capital Markets LLC.

The bonds are due 2015 to 2026 with a term bond due in 2038. The serial coupons range from 0.2% to 3.35%, all priced at par. The 2038 bonds have a 4% coupon priced at 108.915.

Proceeds will be used to finance loans for affordable rental housing units in the state.

Issuer:	Minnesota Housing Finance Agency
Issue:	Series 2014B residential housing finance program bonds
Amount:	$50 million
Type:	Negotiated
Underwriters:	RBC Capital Markets LLC (lead), Piper Jaffray & Co., Wells Fargo Securities LLC and BofA Merrill Lynch (co-managers)
Pricing date:	April 16
Settlement date:	April 30
Maturity	Type	Coupon	Price
2015	Serial	0.20%	100
2015	Serial	0.30%	100
2016	Serial	0.45%	100
2016	Serial	0.50%	100
2017	Serial	0.85%	100
2017	Serial	0.95%	100
2018	Serial	1.20%	100
2018	Serial	1.35%	100
2019	Serial	1.60%	100
2019	Serial	1.70%	100
2020	Serial	2.00%	100
2020	Serial	2.10%	100
2021	Serial	2.35%	100
2021	Serial	2.45%	100
2022	Serial	2.70%	100
2022	Serial	2.75%	100
2023	Serial	2.95%	100
2023	Serial	2.95%	100
2024	Serial	3.05%	100
2024	Serial	3.05%	100
2025	Serial	3.20%	100
2025	Serial	3.20%	100
2026	Serial	3.35%	100
2026	Serial	3.35%	100
2038	Term	4%	108.915

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