Published on 10/24/2013 in the Prospect News Municipals Daily.
New Issue: Nebraska Investment Finance brings $60 million of housing revenue debt
By Sheri Kasprzak
New York, Oct. 24 - The Nebraska Investment Finance Authority priced $60 million of series 2013E single-family housing revenue bonds, according to a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC.
The deal included $15,505,000 of series 2013E non-AMT bonds and $44,495,000 of series 2013E planned amortization class bonds.
The non-AMT bonds are due 2014 to 2024 with 0.35% to 3.65% coupons all priced at par.
The PAC bonds are due in 2043 with 3% coupons and yields from 1.7% to 2.1%.
Proceeds will be used to finance single-family mortgage loans to qualified Nebraska residents.
| Issuer: | Nebraska Investment Finance Authority
|
| Issue: | Series 2013E single-family housing revenue bonds
|
| Amount: | $60 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Ameritas Investment Corp. and D.A. Davidson & Co. (co-managers)
|
| Pricing date: | Oct. 24
|
| Settlement date: | Nov. 26
|
|
|
| $15,505,000 series 2013E non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $635,000 | 2014 | Serial | 0.35% | 100
|
| $650,000 | 2015 | Serial | 0.55% | 100
|
| $665,000 | 2015 | Serial | 0.65% | 100
|
| $665,000 | 2016 | Serial | 0.95% | 100
|
| $685,000 | 2016 | Serial | 1.1% | 100
|
| $690,000 | 2017 | Serial | 1.35% | 100
|
| $695,000 | 2017 | Serial | 1.55% | 100
|
| $715,000 | 2018 | Serial | 1.75% | 100
|
| $725,000 | 2018 | Serial | 1.9% | 100
|
| $735,000 | 2019 | Serial | 2.2% | 100
|
| $740,000 | 2019 | Serial | 2.35% | 100
|
| $745,000 | 2020 | Serial | 2.65% | 100
|
| $755,000 | 2020 | Serial | 2.7% | 100
|
| $750,000 | 2021 | Serial | 3% | 100
|
| $770,000 | 2021 | Serial | 3.05% | 100
|
| $785,000 | 2022 | Serial | 3.25% | 100
|
| $795,000 | 2022 | Serial | 3.3% | 100
|
| $810,000 | 2023 | Serial | 3.45% | 100
|
| $820,000 | 2023 | Serial | 3.5% | 100
|
| $830,000 | 2024 | Serial | 3.6% | 100
|
| $845,000 | 2024 | Serial | 3.65% | 100
|
|
|
| $44,495,000 series 2013E planned amortization class bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $26,325,000 | 2043 | Term | 3% | 103.766 | 1.7%
|
| $18.17 million | 2043 | Term | 3% | 103.403 | 2.1%
|
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