New York State Housing coordinates $125.94 million revenue bond deal

By Sheri Kasprzak

New York, Dec. 5 - The New York State Housing Finance Agency is set to price $125.94 million of series 2013E affordable housing revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Ramirez & Co. Inc., J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are BofA Merrill Lynch, Lebenthal & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Roosevelt & Cross Inc.

The bonds are due 2014 to 2023 with term bonds due in 2016, 2017, 2028, 2033, 2038, 2043 and 2049.

Proceeds will be used to finance six mortgage loans to rehabilitate affordable housing projects within the state.

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