New Jersey Housing & Mortgage set to sell $50 million bonds Thursday

By Sheri Kasprzak

New York, Sept. 18 - The New Jersey Housing & Mortgage Finance Agency is expected to sell $50 million in series 2009A-C mortgage revenue bonds on Thursday, according to a sales calendar.

The bonds (/A+/) will be sold through senior manager Raymond James & Associates Inc.

The sale includes series 2009A, 2009B and 2009C bonds. The 2009A bonds are due 2011 to 2019 with term bonds due 2029 and 2041. The 2009B bonds are due 2029 and 2039 and the 2009C bonds are due 2012.

Proceeds will be used to fund mortgage loans.

The agency is based in Trenton, N.J.

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