New York State Housing arranges $59.84 million housing revenue bonds

By Sheri Kasprzak

New York, May 29 – The New York State Housing Agency is slated to price $59,835,000 of series 2015B affordable housing revenue bonds on Wednesday, according to a preliminary official statement.

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

The bonds are due 2015 to 2026 with term bonds due in 2030, 2035, 2040, 2045 and 2050.

Proceeds will be used to finance two loans for two affordable housing projects in the state.

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