Published on 6/21/2016 in the Prospect News Municipals Daily.
New Issue: New York State Housing prices $302.69 million of housing revenue bonds
By Sheri Kasprzak
New York, June 21 – The New York State Housing Finance Agency priced $302.69 million of series 2016C affordable housing revenue bonds, according to a pricing sheet.
The bonds were sold through senior managers Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC.
The bonds are due 2016 to 2027 with term bonds due in 2031, 2036, 2041, 2046 and 2049. The serial coupons range from 0.6% to 2.4% all priced at par. The 2031 bonds have a 2.75% coupon, the 2036 bonds have a 3.05% coupon, the 2041 bonds a 3.25% coupon, the 2046 bonds have a 3.35% coupon and the 2049 bonds have a 3.375% coupon, all priced at par.
Proceeds will be used to finance mortgage loans for multifamily housing projects.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2016C affordable housing revenue bonds
|
| Amount: | $302.69 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC (lead), Academy Securities Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Drexel Hamilton LLC, Jefferies & Co., Loop Capital Markets LLC and Wells Fargo Securities LLC (co-managers)
|
| Pricing date: | June 21
|
| Settlement date: | June 30
|
|
|
| Maturity | Type | Coupon | Price
|
| 2016 | Serial | 0.60% | 100
|
| 2017 | Serial | 0.70% | 100
|
| 2017 | Serial | 0.80% | 100
|
| 2018 | Serial | 0.875% | 100
|
| 2018 | Serial | 0.875% | 100
|
| 2018 | Serial | 0.95% | 100
|
| 2019 | Serial | 1.05% | 100
|
| 2019 | Serial | 1.05% | 100
|
| 2019 | Serial | 1.10% | 100
|
| 2019 | Serial | 1.10% | 100
|
| 2020 | Serial | 1.25% | 100
|
| 2020 | Serial | 1.25% | 100
|
| 2020 | Serial | 1.30% | 100
|
| 2021 | Serial | 1.40% | 100
|
| 2021 | Serial | 1.50% | 100
|
| 2022 | Serial | 1.65% | 100
|
| 2022 | Serial | 1.70% | 100
|
| 2023 | Serial | 1.80% | 100
|
| 2023 | Serial | 1.85% | 100
|
| 2024 | Serial | 1.90% | 100
|
| 2024 | Serial | 2.00% | 100
|
| 2025 | Serial | 2.00% | 100
|
| 2025 | Serial | 2.10% | 100
|
| 2026 | Serial | 2.20% | 100
|
| 2026 | Serial | 2.25% | 100
|
| 2027 | Serial | 2.35% | 100
|
| 2027 | Serial | 2.40% | 100
|
| 2031 | Term | 2.75% | 100
|
| 2036 | Term | 3.05% | 100
|
| 2041 | Term | 3.25% | 100
|
| 2046 | Term | 3.35% | 100
|
| 2049 | Term | 3.375% | 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.
