By Sheri Kasprzak
New York, July 21 – The New York State Housing Finance Agency sold $459 million of series 2014 605 West 42nd Street housing revenue bonds, according to a pricing sheet.
The bonds (A1/VMIG 1/A/A-1/) were sold through J.P. Morgan Securities LLC.
The bonds are due May 1, 2048 and bear interest at the daily rate.
Proceeds will be used to construct and equip a multifamily rental housing unit at 605 West 42nd St. in Manhattan.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2014 605 West 42nd St. housing revenue bonds
|
| Amount: | $459 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead)
|
| Ratings: | Moody’s: A1/VMIG 1
|
| Standard & Poor’s: A/A-1
|
| Pricing date: | July 18
|
| Settlement date: | July 31
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $84 million | May 1, 2048 | Term | Daily | 100
|
| $375 million | May 1, 2048 | Term | Daily | 100
|
|
|
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