By Sheri Kasprzak
New York, Dec. 16 - The New York State Housing Finance Agency sold $70 million of series 2010A Clinton Park Housing revenue bonds, according to an official statement.
The bonds (Aa2/VMIG1) were sold through senior manager Bank of America Merrill Lynch.
The bonds bear interest at the weekly rate and are due Nov. 1, 2044.
Proceeds will be used to fund a mortgage loan to construct and equip a multifamily rental housing development on 11th Avenue in Manhattan.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2010 Clinton Park Housing revenue bonds
|
| Amount: | $70 million
|
| Maturity: | Nov. 1, 2044
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Rating: | Moody's: Aa2/VMIG1
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 21
|
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