Published on 12/12/2014 in the Prospect News Municipals Daily.
New Issue: New York State Housing prices $101.83 million affordable housing bonds
By Sheri Kasprzak
New York, Dec. 12 – The New York State Housing Finance Agency priced $101.83 million of series 2014G affordable housing revenue bonds, according to a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc. and Loop Capital Markets LLC.
The bonds are due 2015 to 2025 with term bonds due in 2029, 2034, 2039, 2044 and 2047. The serial coupons range from 0.2% to 2.9%, all priced at par. The 2029 bonds have a 3.35% coupon, the 2034 bonds have a 3.65% coupon, the 2039 bonds have a 3.8% coupon, the 2044 bonds have a 3.9% coupon and the 2047 bonds have a 4% coupon, all priced at par.
Proceeds will be used to finance seven mortgage loans to rehabilitate seven housing projects within the state.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2014G affordable housing revenue bonds
|
| Amount: | $101.83 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead), BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 18
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $130,000 | 2015 | Serial | 0.20% | 100
|
| $180,000 | 2015 | Serial | 0.25% | 100
|
| $180,000 | 2016 | Serial | 0.45% | 100
|
| $630,000 | 2016 | Serial | 0.55% | 100
|
| $5.3 million | 2017 | Serial | 0.75% | 100
|
| $705,000 | 2017 | Serial | 0.75% | 100
|
| $805,000 | 2017 | Serial | 0.90% | 100
|
| $8.25 million | 2017 | Serial | 0.90% | 100
|
| $800,000 | 2017 | Serial | 0.90% | 100
|
| $805,000 | 2018 | Serial | 1.15% | 100
|
| $11.84 million | 2018 | Serial | 1.15% | 100
|
| $8.8 million | 2018 | Serial | 1.15% | 100
|
| $3.8 million | 2018 | Serial | 1.15% | 100
|
| $815,000 | 2018 | Serial | 1.25% | 100
|
| $815,000 | 2019 | Serial | 1.55% | 100
|
| $785,000 | 2019 | Serial | 1.65% | 100
|
| $645,000 | 2020 | Serial | 1.85% | 100
|
| $650,000 | 2020 | Serial | 1.95% | 100
|
| $655,000 | 2021 | Serial | 2.15% | 100
|
| $660,000 | 2021 | Serial | 2.25% | 100
|
| $670,000 | 2022 | Serial | 2.45% | 100
|
| $680,000 | 2022 | Serial | 2.55% | 100
|
| $685,000 | 2023 | Serial | 2.65% | 100
|
| $700,000 | 2023 | Serial | 2.70% | 100
|
| $705,000 | 2024 | Serial | 2.85% | 100
|
| $715,000 | 2024 | Serial | 2.85% | 100
|
| $730,000 | 2025 | Serial | 2.90% | 100
|
| $735,000 | 2025 | Serial | 2.90% | 100
|
| $6,375,000 | 2029 | Term | 3.35% | 100
|
| $9,345,000 | 2034 | Term | 3.65% | 100
|
| $11,275,000 | 2039 | Term | 3.80% | 100
|
| $13.71 million | 2044 | Term | 3.90% | 100
|
| $8,255,000 | 2047 | Term | 4.00% | 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.
