New York State Mortgage Agency readies $100 million revenue bonds sale

By Sheri Kasprzak

New York, Oct. 10 - The New York State Mortgage Agency plans to price $100 million of series 176 and 177 homeowner mortgage revenue bonds, said a preliminary official statement.

The deal includes $66.8 million of series 176 non-AMT bonds and $33.2 million of series 177 non-AMT bonds.

The bonds will be sold through Citigroup Global Markets Inc. The co-managers are Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Castle Oak Securities Inc., George K. Baum & Co., M&T Securities Inc., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.

The series 176 bonds are due 2013 and 2018 to 2022 with term bonds due in 2027, 2032, 2037 and 2042. The series 177 bonds are due 2013 to 2022 with a term bond due in 2027.

Proceeds will be used to finance mortgage loans.

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