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New York State Mortgage to sell $89.46 million mortgage revenue bonds
By Sheri Kasprzak
New York, Aug. 14 - The New York State Mortgage Agency plans to sell $89.46 million of series 175 taxable housing mortgage revenue bonds, according to a preliminary official statement.
The bonds (Aa1) will be sold through senior manager Bank of America Merrill Lynch. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, CastleOak Securities, George K. Baum & Co., Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.
The bonds are due 2013 to 2023 with term bonds due in 2025 and 2028.
Proceeds will be used to finance mortgage loans.
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