New York State Mortgage coordinates $125.78 million mortgage bond sale

By Sheri Kasprzak

New York, June 28 - The New York State Mortgage Agency is expected to price $125.78 million of homeowner mortgage revenue bonds, said a preliminary official statement.

The offering includes $79,285,000 of series 178 non-AMT bonds, $13.09 million of series 179 non-AMT bonds and $33,405,000 of series 180 AMT bonds.

The bonds will be sold on a negotiated basis with Barclays as the senior manager. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch, CastleOak Securities LP, Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc. and Roosevelt & Cross Inc.

The series 178 bonds are due 2028, 2033, 2038 and 2043. The series 179 bonds are due 2015 to 2017. The series 180 bonds are due 2015 to 2023.

Proceeds will be used to finance mortgage loans and program costs.

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