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New York State Housing preps $302.69 million affordable housing bonds
By Sheri Kasprzak2041
New York, June 17 – The New York State Housing Finance Agency is set to price $302.69 million of series 2016C affordable housing revenue bonds on Tuesday, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are Academy Securities Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Drexel Hamilton LLC, Jefferies & Co., Loop Capital Markets LLC and Wells Fargo Securities LLC.
The bonds are due 2016 to 2027 with term bonds due in 2018, 2019, 2020, 2031, 2036, 2041, 2046 and 2049.
Proceeds will be used to finance mortgage loans for multifamily housing projects.
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