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Published on 2/3/2014 in the Prospect News Municipals Daily.

New York Mortgage Agency plans $179.08 million mortgage revenue bonds

By Sheri Kasprzak

New York, Feb. 3 - The New York State Mortgage Agency plans to price $179.08 million of homeowner mortgage revenue bonds, according to a preliminary official statement.

The deal includes $38,255,000 of series 181 non-AMT bonds, $25,385,000 of series 182 non-AMT bonds, $59,945,000 of series 183 AMT bonds and $55,495,000 of series 184 taxable bonds.

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, J.P. Morgan Securities LLC, Academy Securities, 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 series 181 bonds are due in 2039 and 2044.

The series 182 bonds are due 2014 to 2017 with a term bond due in 2034.

The series 183 bonds are due 2014 to 2024 with term bonds due in 2029 and 2031.

The series 184 bonds are due 2014 to 2024.

Proceeds will be used to finance single-family mortgage loans and refund existing debt.


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