Published on 6/19/2013 in the Prospect News Municipals Daily.
New Issue: New York State Housing Finance offers $61.6 million housing revenue bonds
By Sheri Kasprzak
New York, June 19 - The New York State Housing Finance Agency sold $61.6 million of series 2013A affordable housing revenue bonds, according to a pricing sheet.
The bonds were sold through Wells Fargo Securities LLC and J.P. Morgan Securities LLC.
The bonds are due 2013 to 2023 with term bonds due in 2028, 2033, 2038 and 2046. The serial coupons range from 0.3% to 3.2% all priced at par. The 2028 bonds have a 3.875% coupon, the 2033 bonds have a 4.2% coupon, the 2038 bonds have a 4.4% coupon and the 2046 bonds have a 4.65% coupon all priced at par.
Proceeds will be used to finance loans for the construction, acquisition and rehabilitation of three affordable housing projects within the state.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2013A affordable housing revenue bonds
|
| Amount: | $61.6 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead), Citigroup Global Markets Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Pricing date: | June 19
|
| Settlement date: | June 27
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $90,000 | 2013 | Serial | 0.30% | 100
|
| $175,000 | 2014 | Serial | 0.45% | 100
|
| $175,000 | 2014 | Serial | 0.50% | 100
|
| $215,000 | 2015 | Serial | 0.65% | 100
|
| $215,000 | 2015 | Serial | 0.75% | 100
|
| $880,000 | 2015 | Serial | 0.75% | 100
|
| $210,000 | 2016 | Serial | 1.15% | 100
|
| $14.94 million | 2016 | Serial | 1.15% | 100
|
| $8 million | 2016 | Serial | 1.15% | 100
|
| $185,000 | 2016 | Serial | 1.20% | 100
|
| $185,000 | 2017 | Serial | 1.50% | 100
|
| $5.65 million | 2017 | Serial | 1.50% | 100
|
| $12.33 million | 2017 | Serial | 1.50% | 100
|
| $190,000 | 2017 | Serial | 1.60% | 100
|
| $190,000 | 2018 | Serial | 1.90% | 100
|
| $190,000 | 2018 | Serial | 2.00% | 100
|
| $195,000 | 2019 | Serial | 2.20% | 100
|
| $195,000 | 2019 | Serial | 2.30% | 100
|
| $200,000 | 2020 | Serial | 2.50% | 100
|
| $200,000 | 2020 | Serial | 2.55% | 100
|
| $205,000 | 2021 | Serial | 2.75% | 100
|
| $205,000 | 2021 | Serial | 2.80% | 100
|
| $210,000 | 2022 | Serial | 3.00% | 100
|
| $210,000 | 2022 | Serial | 3.05% | 100
|
| $215,000 | 2023 | Serial | 3.15% | 100
|
| $220,000 | 2023 | Serial | 3.20% | 100
|
| $2,425,000 | 2028 | Term | 3.875% | 100
|
| $2,965,000 | 2033 | Term | 4.20% | 100
|
| $3,665,000 | 2038 | Term | 4.40% | 100
|
| $6.67 million | 2046 | Term | 4.65% | 100
|
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