Published on 11/5/2012 in the Prospect News Municipals Daily.
New Issue: New York State Housing sells $50.36 million of revenue bonds
By Sheri Kasprzak
New York, Nov. 5 - The New York State Housing Finance Agency sold $50,355,000 of series 2012C affordable housing revenue bonds, according to a pricing sheet.
The bonds were sold through Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC.
The bonds are due 2013 to 2023 with term bonds due in 2027, 2032, 2037, 2042 and 2044. The serial coupons range from 0.25% to 2.65%, all priced at par. The 2027 bonds have a 3.1% coupon, the 2032 bonds have a 3.45% coupon, the 2037 bonds have a 3.75% coupon, the 2042 bonds have a 3.8% coupon, and the 2044 bonds have a 3.85% coupon, all priced at par.
Proceeds will be used to finance loans to construct or renovate three affordable housing projects in the state.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2012C affordable housing revenue bonds
|
| Amount: | $50,355,000
|
| Type: | Negotiated
|
| Underwriters: | Siebert Brandford Shank & Co. LLC and J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers)
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $70,000 | 2013 | Serial | 0.25% | 100
|
| $115,000 | 2013 | Serial | 0.30% | 100
|
| $1.5 million | 2014 | Serial | 0.50% | 100
|
| $115,000 | 2014 | Serial | 0.55% | 100
|
| $170,000 | 2014 | Serial | 0.60% | 100
|
| $9.54 million | 2015 | Serial | 0.65% | 100
|
| $250,000 | 2015 | Serial | 0.70% | 100
|
| $255,000 | 2015 | Serial | 0.80% | 100
|
| $265,000 | 2016 | Serial | 1.00% | 100
|
| $265,000 | 2016 | Serial | 1.10% | 100
|
| $275,000 | 2017 | Serial | 1.25% | 100
|
| $285,000 | 2017 | Serial | 1.35% | 100
|
| $290,000 | 2018 | Serial | 1.50% | 100
|
| $305,000 | 2018 | Serial | 1.60% | 100
|
| $305,000 | 2019 | Serial | 1.80% | 100
|
| $315,000 | 2019 | Serial | 1.85% | 100
|
| $325,000 | 2020 | Serial | 2.05% | 100
|
| $330,000 | 2020 | Serial | 2.10% | 100
|
| $335,000 | 2021 | Serial | 2.35% | 100
|
| $350,000 | 2021 | Serial | 2.35% | 100
|
| $360,000 | 2022 | Serial | 2.55% | 100
|
| $370,000 | 2022 | Serial | 2.55% | 100
|
| $375,000 | 2023 | Serial | 2.65% | 100
|
| $385,000 | 2023 | Serial | 2.65% | 100
|
| $3.49 million | 2027 | Term | 3.10% | 100
|
| $5.52 million | 2032 | Term | 3.45% | 100
|
| $7.17 million | 2037 | Term | 3.75% | 100
|
| $9.31 million | 2042 | Term | 3.80% | 100
|
| $7,715,000 | 2044 | Term | 3.85% | 100
|
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