By Sheri Kasprzak
New York, Dec. 22 - The New York State Housing Finance Agency priced $90 million of series 2010A variable-rate 29 Flatbush Avenue housing revenue bonds, according to an official statement.
The bonds (Aa3/VMIG1) were sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager.
The bonds are due Nov. 1, 2044 and bear interest at the weekly rate.
Proceeds will be used to fund a mortgage loan to construct and equip a multifamily rental housing unit at 29 Flatbush Avenue in Brooklyn.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2010A variable-rate 29 Flatbush Avenue housing revenue bonds
|
| Amount: | $90 million
|
| Maturity: | Nov. 1, 2044
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Rating: | Moody's: Aa3/VMIG1
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 29
|
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