Published on 6/24/2011 in the Prospect News Municipals Daily.
New Issue: New York State Housing prices $70.81 million revenue refunding bonds
By Sheri Kasprzak
New York, June 24 - The New York State Housing Finance Agency sold $70.81 million of series 2011A consolidated service contract revenue refunding bonds, according to a pricing sheet.
The bonds (/AA-/AA-) were sold through J.P. Morgan Securities LLC with Barclays Capital Inc., Citigroup Global Markets Inc., Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc.
The bonds are due 2012 to 2020 with 2% to 5% coupons.
Proceeds will be used to refund the agency's series 2003I service contract revenue bonds.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2011A consolidated service contract revenue refunding bonds
|
| Amount: | $70.81 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Barclays Capital Inc., Citigroup Global Markets Inc., Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc. (co-managers)
|
| Ratings: | Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | June 23
|
| Settlement date: | June 29
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2.5% | 102.657
|
| 2013 | Serial | 2% | 102.579
|
| 2013 | Serial | 5% | 109.139
|
| 2014 | Serial | 3% | 105.522
|
| 2014 | Serial | 5% | 111.798
|
| 2015 | Serial | 3% | 105.552
|
| 2015 | Serial | 5% | 113.659
|
| 2016 | Serial | 3% | 105.177
|
| 2017 | Serial | 3% | 103.792
|
| 2017 | Serial | 5% | 115.29
|
| 2018 | Serial | 3% | 101.951
|
| 2018 | Serial | 5% | 114.975
|
| 2019 | Serial | 4% | 107.226
|
| 2019 | Serial | 5% | 114.455
|
| 2020 | Serial | 4% | 105.925
|
| 2020 | Serial | 5% | 113.829
|
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