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Published on 5/25/2016 in the Prospect News Municipals Daily.

New Issue: New York State Housing sells $107 million taxable housing revenue bonds

By Sheri Kasprzak

New York, May 25 – The New York State Housing Finance Agency sold $107 million of series 2016A taxable 625 West 57th Street housing revenue bonds, said an official statement.

The bonds (Aa1/VMIG 1) were sold through senior manager BNY Mellon Capital Markets LLC.

The bonds are due May 1, 2049 and bear interest at the weekly rate.

Proceeds will be used to finance the remaining portion of a mortgage on a housing facility at 625 West 57th Street in Manhattan.

Issuer:New York State Housing Finance Agency
Issue:Series 2016A taxable 625 West 57th Street housing revenue bonds
Amount:$107 million
Maturity:May 1, 2049
Coupon:Weekly
Price:100
Type:Negotiated
Underwriter:BNY Mellon Capital Markets LLC
Rating:Moody’s: Aa1/VMIG 1
Pricing date:May 18
Settlement date:May 26

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