By Sheri Kasprzak
New York, July 6 – The New York State Housing Finance Agency priced $113.3 million of series 2016 222 East 44th Street housing revenue bonds, according to a pricing sheet.
The deal included $23.3 million of series 2016A bonds and $90 million of series 2016B taxable bonds.
Both tranches are due May 1, 2050, and bear interest at the weekly rate.
The bonds (A1/VMIG 1/A/A-1) were sold on a negotiated basis. Barclays was the senior manager for the 2016A bonds and Morgan Stanley & Co. LLC was the lead manager for the 2016B bonds.
Proceeds will be used to finance the construction and development of a multifamily rental housing unit at 222 East 44th Street in Manhattan.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2016 222 East 44th Street housing revenue bonds
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| Amount: | $113.3 million
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| Type: | Negotiated
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| Underwriters: | Barclays (lead for 2016A), Morgan Stanley & Co. LLC (lead for 2016B)
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| Ratings: | Moody’s: A1/VMIG 1
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| S&P: A/A-1
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| Pricing date: | July 6
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| Settlement date: | July 13
|
|
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| $23.3 million series 2016A bonds
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| Maturity | Type | Coupon | Price
|
| May 1, 2050 | Term | Weekly | 100
|
|
|
| $90 million series 2016B taxable bonds
|
| Maturity | Type | Coupon | Price
|
| May 1, 2050 | Term | Weekly | 100
|
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