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New York State Mortgage to sell $168.63 million mortgage revenue bonds
By Sheri Kasprzak
New York, Oct. 25 - The New York State Mortgage Agency is expected to price $168.625 million of series 2011 homeowner mortgage revenue bonds, according to a preliminary official statement.
The sale includes $50 million of series 165 non-AMT bonds and $118.625 million of series 166 taxable bonds.
The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, George K. Baum & Co., M&T Securities Inc., M.R. Beal & Co. Inc., Ramirez & Co. Inc., RBC Capital Markets LLC, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC.
The series 165 bonds are due 2026, 2031 and 2042. The series 166 bonds are due 2012 to 2022.
Proceeds will be used to make mortgage loans.
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