New York Mortgage Agency preps $116.77 million revenue bond offering

By Sheri Kasprzak

New York, Oct. 3 – The New York Mortgage Agency is expected to come to market during the week of Oct. 6 with $116.77 million of homeowner revenue bonds, according to a preliminary official statement.

The deal includes $27.92 million of series 188 non-AMT bonds and $88.85 million of series 189 AMT bonds.

The bonds will be sold through senior manager Ramirez & Co. Inc. The co-managers are BofA Merrill Lynch, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Loop Capital Markets LLC, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC.

The series 188 bonds are due 2034, 2038 and 2044. The series 189 bonds are due 2015 to 2029 with a term bond due in 2034.

Proceeds will be used to finance new mortgage loans and purchase existing loans.

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