By Sheri Kasprzak
New York, April 19 - The New York State Housing Finance Agency priced $260 million of series 2012A Gotham West Housing revenue bonds, according to an official statement.
The deal included $173 million of series 2012A-1 bonds and $87 million of series 2012A-2 bonds.
Both bonds are due May 1, 2045 and both initially bear interest at the weekly rate.
The bonds were sold on a negotiated basis. Citigroup Global Markets Inc. was the underwriter for the 2012A-1 bonds, and Wells Fargo Securities LLC was the underwriter for the 2012A-2 bonds.
Proceeds will be used to finance a mortgage loan to fund the construct, acquisition, equipment and renovation of multifamily rental housing at 510 West 45th Street, 530 West 45th Street and 550 West 45th Street in Manhattan.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2012A Gotham West Housing revenue bonds
|
| Amount: | $260 million
|
| Maturity | : | May 1, 2045
|
| Coupon: | Weekly
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (for 2012A-1 bonds), Wells Fargo Securities LLC (for 2012A-2 bonds)
|
| Ratings: | Moody's: Aa3/VMIG 1
|
| Pricing date: | April 18
|
| Settlement date: | April 25
|
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