Published on 12/7/2012 in the Prospect News Municipals Daily.
New Issue: New York State Housing prices $157.5 million of revenue bonds at par
By Sheri Kasprzak
New York, Dec. 7 - The New York State Housing Finance Agency priced $157.5 million of series 2012E housing revenue bonds, according to a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC.
The bonds are due 2013 to 2024 with term bonds due in 2030, 2032, 2037, 2042 and 2050. The serial coupons range from 0.33% to 2.6%, all priced at par. The 2030 bonds have a 3%, the 2032 bonds have a 3.1% coupon and the 2037 bonds have a 3.4% coupon, all priced at par. The 2042 bonds have a 3.5% coupon and the 2050 bonds have a 3.75% coupon, both priced at par.
Proceeds will be used to finance a mortgage loan to rehabilitate the River Park Towers Apartments in the Bronx, N.Y.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2012E housing revenue bonds
|
| Amount: | $157.5 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (lead), Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Roosevelt & Cross Inc. (co-managers)
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,315,000 | 2013 | Serial | 0.33% | 100
|
| $1,575,000 | 2013 | Serial | 0.41% | 100
|
| $1,585,000 | 2014 | Serial | 0.50% | 100
|
| $1.59 million | 2014 | Serial | 0.60% | 100
|
| $1.6 million | 2015 | Serial | 0.75% | 100
|
| $1.61 million | 2015 | Serial | 0.85% | 100
|
| $1,985,000 | 2016 | Serial | 1.05% | 100
|
| $7 million | 2016 | Serial | 1.10% | 100
|
| $30.6 million | 2016 | Serial | 1.10% | 100
|
| $2,035,000 | 2016 | Serial | 1.15% | 100
|
| $2.06 million | 2017 | Serial | 1.25% | 100
|
| $2,085,000 | 2017 | Serial | 1.35% | 100
|
| $2.12 million | 2018 | Serial | 1.50% | 100
|
| $2,145,000 | 2018 | Serial | 1.60% | 100
|
| $2.18 million | 2019 | Serial | 1.75% | 100
|
| $2.21 million | 2019 | Serial | 1.80% | 100
|
| $2,245,000 | 2020 | Serial | 2.00% | 100
|
| $2,285,000 | 2020 | Serial | 2.05% | 100
|
| $2,325,000 | 2021 | Serial | 2.25% | 100
|
| $2.37 million | 2021 | Serial | 2.25% | 100
|
| $2,415,000 | 2022 | Serial | 2.45% | 100
|
| $2.46 million | 2022 | Serial | 2.45% | 100
|
| $2,505,000 | 2023 | Serial | 2.55% | 100
|
| $2.56 million | 2023 | Serial | 2.55% | 100
|
| $2.61 million | 2024 | Serial | 2.60% | 100
|
| $2,665,000 | 2024 | Serial | 2.60% | 100
|
| $10,425,000 | 2030 | Term | 3.00% | 100
|
| $3,725,000 | 2032 | Term | 3.10% | 100
|
| $10,905,000 | 2037 | Term | 3.40% | 100
|
| $13,775,000 | 2042 | Term | 3.50% | 100
|
| $30,535,000 | 2050 | Term | 3.75% | 100
|
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