Nebraska Investment Finance Authority to sell $50 million in housing revenue bonds

By Sheri Kasprzak

New York, April 23 - The Nebraska Investment Finance Authority plans to sell $50 million in single-family housing revenue bonds, a preliminary official statement said Wednesday.

The bonds will be sold on a negotiated basis with Lehman Brothers as the lead manager. The co-managers are Ameritas Investment Corp., Citigroup Global Markets and D.A. Davidson & Co.

The sale includes $17.5 million in series 2008C bonds, which are due 2028 and 2039; $25 million in series 2008D bonds, which are due 2038; and $7.5 million in series 2008E bonds, which are due 2017. The series 2008D bonds will have a variable interest rate.

Proceeds will be used to make a deposit to the authority's mortgage loan account and to pay for capitalized interest.

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