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New York State Mortgage plans $111.58 million sale of mortgage bonds
By Sheri Kasprzak
New York, Feb. 7 - The New York State Mortgage Agency plans to price $111.58 million of 48th series mortgage revenue bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Barclays, CastleOak Securities LP, 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 2028, 2033, 2038 and 2041.
Proceeds will be used to refund existing mortgage bonds.
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