By Sheri Kasprzak
New York, Sept. 22 - The New York State Housing Finance Agency priced Tuesday $80.595 million in series 2009B affordable housing revenue bonds, according to a pricing sheet.
The bonds (Aa2) were sold through J.P. Morgan Securities Inc. The co-managers were Goldman, Sachs & Co., Citigroup Global Markets Inc., Merrill Lynch & Co. Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc.
The bonds are due 2010 to 2019 with term bonds due 2012, 2024, 2029, 2034, 2041 and 2045.
The serial bonds have coupons from 0.7% to 3.55%, all priced at par. The 2012 bonds have a 1.9% coupon, the 2024 bonds have a 4.15% coupon and the 2029 bonds have a 4.5% coupon, also priced at par. The 2034 bonds have a 4.8% coupon, the 2041 bonds have a 4.85% coupon and the 2045 bonds have a 5% coupon, priced at par.
Proceeds will be used to fund mortgage loans, to construct new projects and to acquire or rehabilitate projects.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2009B affordable housing revenue bonds
|
| Amount: | $80.595 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities Inc. (lead), Goldman, Sachs & Co., Citigroup Global Markets Inc., Merrill Lynch & Co. Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc. (co-managers)
|
| Rating: | Moody's: Aa2
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 30
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 0.7% | 100.000
|
| 2010 | Serial | 0.9% | 100.000
|
| 2011 | Serial | 1.05% | 100.000
|
| 2011 | Serial | 1.15% | 100.000
|
| 2011 | Serial | 1.45% | 100.000
|
| 2012 | Serial | 1.65% | 100.000
|
| 2012 | Serial | 1.7% | 100.000
|
| 2013 | Serial | 1.9% | 100.000
|
| 2013 | Serial | 2% | 100.000
|
| 2014 | Serial | 2.2% | 100.000
|
| 2014 | Serial | 2.25% | 100.000
|
| 2015 | Serial | 2.6% | 100.000
|
| 2015 | Serial | 2.6% | 100.000
|
| 2016 | Serial | 2.9% | 100.000
|
| 2016 | Serial | 2.9% | 100.000
|
| 2017 | Serial | 3.1% | 100.000
|
| 2017 | Serial | 3.1% | 100.000
|
| 2018 | Serial | 3.3% | 100.000
|
| 2018 | Serial | 3.3% | 100.000
|
| 2019 | Serial | 3.55% | 100.000
|
| 2019 | Serial | 3.55% | 100.000
|
| 2012 | Term | 1.9% | 100.000
|
| 2024 | Term | 4.15% | 100.000
|
| 2029 | Term | 4.5% | 100.000
|
| 2034 | Term | 4.8% | 100.000
|
| 2041 | Term | 4.85% | 100.000
|
| 2045 | Term | 5% | 100.000
|
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