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New York City Housing arranges $428.06 million revenue bond offering
By Sheri Kasprzak
New York, Dec. 7 – The New York City Housing Development Corp. is set to price $428,055,000 of series 2015 multifamily housing revenue bonds on Tuesday, according to a preliminary official statement.
The offering includes $180,725,000 of series 2015G bonds, $136.47 million of series 2015H term rate bonds, $60.86 million of series 2015I term bonds, $40 million of series 2015J term bonds and $10 million of series 2015K term rate bonds.
The 2015G bonds are due 2016 to 2026 with term bonds due in 2019, 2030, 2035, 2040, 2045 and 2049. The 2015H bonds are due May 1, 2048. The 2015I bonds are due May 1, 2048 and the 2015J bonds are due Nov. 1, 2047. The 2015K bonds are due Nov. 1, 2019.
The bonds will be sold on a negotiated basis.
The senior managers for 2015G bonds are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC, and the co-managers are Academy Securities Inc.; BofA Merrill Lynch; Barclays, Blaylock Beal Van LLC; Citigroup Global Markets Inc.; Ramirez & Co. Inc.; Raymond James/Morgan Keegan; Roosevelt & Cross Inc.; RBC Capital Markets LLC; Stern Brothers & Co.; and Wells Fargo Securities LLC.
Wells Fargo, Blaylock Beal Van and Citigroup are the senior managers for the 2015H bonds, and the co-managers are Academy, BofA Merrill Lynch, Barclays, JPMorgan, Morgan Stanley, Ramirez, Raymond James, Roosevelt, RBC, Siebert and Stern Brothers.
The senior managers for the 2015I bonds are Wells Fargo, Blaylock and Citigroup, and the co-managers are Academy, BofA Merrill Lynch, Barclays, JPMorgan, Morgan, Ramirez, Raymond James, Roosevelt, RBC, Siebert and Stern.
The 2015J bonds will be offered through underwriter JPMorgan.
The 2015K bonds will be sold through JPMorgan.
Proceeds will be used to finance mortgage loans for multifamily housing projects in New York City.
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