By Sheri Kasprzak
New York, Nov. 24 - The New York State Housing Finance Agency priced $65 million of series 2010A 330 West 39th Street housing revenue bonds, said an official statement.
The bonds (Aa3/VMIG 1) were sold through Bank of America Merrill Lynch on Tuesday.
The bonds, which are due Nov. 1, 2044, bear interest at the weekly rate, capped at 12%.
Proceeds will be used to construct a multifamily housing unit between 38th and 39th Streets in New York City.
The agency, based in New York, provides mortgage loans for low- to moderate-income New Yorkers.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2010 330 West 39th Street housing revenue bonds
|
| Amount: | $65 million
|
| Maturity: | Nov. 1, 2044
|
| Coupon: | Weekly, capped at 12%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Rating: | Moody's: Aa3/VMIG 1
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 30
|
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