By Sheri Kasprzak
New York, May 20 - The New York State Housing Finance Agency priced $53.67 million in series 2009A affordable housing revenue bonds, said a sellside source connected to the deal.
The bonds are due 2011 to 2019 with term bonds due 2024, 2030, 2035 and 2041.
The serials have coupons from 1.8% to 3.8%, all priced at par. The 2024 bonds have a 4.55% coupon, the 2030 bonds a 5% coupon, the 2035 bonds a 5.2% coupon and the 2041 bonds a 5.25% coupon, all priced at par.
J.P. Morgan Securities Inc. was the lead manager. Goldman, Sachs & Co., Citigroup Global Markets Inc., Merrill Lynch & Co. Inc. and Roosevelt & Cross Inc. were the co-managers.
Proceeds will be used to fund mortgage loans.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2009A affordable housing revenue bonds
|
| Amount: | $53.67 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities Inc. (lead); Goldman, Sachs & Co., Citigroup Global Markets Inc., Merrill Lynch & Co. Inc., and Roosevelt & Cross Inc. (co-managers)
|
| Pricing date: | May 20
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 1.8% | Par
|
| 2012 | Serial | 1.95% | Par
|
| 2013 | Serial | 2.4% | Par
|
| 2014 | Serial | 2.75% | Par
|
| 2015 | Serial | 3.05% | Par
|
| 2016 | Serial | 3.25% | Par
|
| 2017 | Serial | 3.55% | Par
|
| 2018 | Serial | 3.75% | Par
|
| 2019 | Serial | 3.8% | Par
|
| 2024 | Serial | 4.55% | Par
|
| 2030 | Serial | 5% | Par
|
| 2035 | Serial | 5.2% | Par
|
| 2041 | Serial | 5.25% | Par
|
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