By Sheri Kasprzak
New York, May 3 - The New York State Housing Finance Agency sold $110 million of 30th Street housing revenue bonds, according to an official statement.
The deal included $73 million of series 2012A-1 bonds and $37 million of series 2012A-2 bonds.
Both bonds (Aa3/VMIG 1) are due May 1, 2045 and bear interest at the weekly rate.
Morgan Stanley & Co. LLC was the senior manager for the 2012A-1 bonds, and Loop Capital Markets LLC was the lead manager for the 2012A-2 bonds.
Proceeds will be used to provide a mortgage loan for the purchase of multifamily residential rental apartments on 30th Street in Manhattan.
Issuer: New York State Housing Finance Agency
| Issue: | Series 2012 30th Street housing revenue bonds
|
| Amount: | $110 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC (for 2012A-1), Loop Capital Markets LLC (for 2012A-2)
|
| Ratings: | Moody's: Aa3/VMIG 1
|
| Pricing date: | May 2
|
| Settlement date: | May 8
|
|
|
|
|
| $73 million series 2012A-1 bonds
|
| Maturity | Type | Coupon | Price
|
| May 1, 2045 | Term | Weekly | 100
|
|
|
|
|
| $37 million series 2012A-2 bonds
|
| Maturity | Type | Coupon | Price
|
| May 1, 2045 | Term | Weekly | 100
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
