Published on 12/11/2013 in the Prospect News Municipals Daily.
New Issue: New York State Housing prices $125.94 million of housing revenue bonds
By Sheri Kasprzak
New York, Dec. 11 - The New York State Housing Finance Agency sold $125.94 million of series 2013E affordable housing revenue bonds, said a pricing sheet.
The bonds were sold through lead managers Ramirez & Co. Inc., J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC.
The bonds are due 2014 to 2024 with term bonds due in 2028, 2033, 2038, 2043 and 2049. The serial coupons range from 0.15% to 3.65% all priced at par. The 2028 bonds have a split 4.125% coupon priced at par. The 2033 bonds have a split 4.625% coupon priced at par, and the 2038 bonds have a split 4.875% coupon priced at par. The 2043 bonds have a split 4.95% coupon priced at par, and the 2049 bonds have a split 5.05% coupon priced at par.
Proceeds will be used to finance six mortgage loans to rehabilitate affordable housing projects within the state.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2013E affordable housing revenue bonds
|
| Amount: | $125.94 million
|
| Type: | Negotiated
|
| Underwriters: | Ramirez & Co. Inc., J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC (lead), BofA Merrill Lynch, Lebenthal & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Roosevelt & Cross Inc. (co-managers)
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $795,000 | 2014 | Serial | 0.15% | 100
|
| $1,095,000 | 2014 | Serial | 0.2% | 100
|
| $1,095,000 | 2015 | Serial | 0.4% | 100
|
| $1,105,000 | 2015 | Serial | 0.5% | 100
|
| $5 million | 2016 | Serial | 0.65% | 100
|
| $5 million | 2016 | Serial | 0.65% | 100
|
| $10.65 million | 2016 | Serial | 0.65% | 100
|
| $5.5 million | 2016 | Serial | 0.65% | 100
|
| $415,000 | 2016 | Serial | 0.8% | 100
|
| $515,000 | 2016 | Serial | 0.85% | 100
|
| $15.83 million | 2017 | Serial | 1.1% | 100
|
| $7.5 million | 2017 | Serial | 1.1% | 100
|
| $970,000 | 2017 | Serial | 1.1% | 100
|
| $7.36 million | 2017 | Serial | 1.15% | 100
|
| $525,000 | 2017 | Serial | 1.25% | 100
|
| $525,000 | 2017 | Serial | 1.35% | 100
|
| $530,000 | 2018 | Serial | 1.7% | 100
|
| $540,000 | 2018 | Serial | 1.8% | 100
|
| $545,000 | 2019 | Serial | 2.15% | 100
|
| $545,000 | 2019 | Serial | 2.25% | 100
|
| $550,000 | 2020 | Serial | 2.6% | 100
|
| $560,000 | 2020 | Serial | 2.7% | 100
|
| $565,000 | 2021 | Serial | 3% | 100
|
| $575,000 | 2021 | Serial | 3.05% | 100
|
| $590,000 | 2022 | Serial | 3.25% | 100
|
| $590,000 | 2022 | Serial | 3.3% | 100
|
| $615,000 | 2023 | Serial | 3.5% | 100
|
| $605,000 | 2023 | Serial | 3.5% | 100
|
| $625,000 | 2024 | Serial | 3.65% | 100
|
| $635,000 | 2024 | Serial | 3.65% | 100
|
| $4,505,000 | 2028 | Term | 4.125% | 100
|
| $1.07 million | 2028 | Term | 4.125% | 100
|
| $5.99 million | 2033 | Term | 4.625% | 100
|
| $2.48 million | 2033 | Term | 4.625% | 100
|
| $8.34 million | 2038 | Term | 4.875% | 100
|
| $2,375,000 | 2038 | Term | 4.875% | 100
|
| $6.82 million | 2043 | Term | 4.95% | 100
|
| $6.82 million | 2043 | Term | 4.95% | 100
|
| $5.13 million | 2049 | Term | 5.05% | 100
|
| $10.46 million | 2049 | Term | 5.05% | 100
|
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