New Issue: New York State Mortgage Agency sells $179.08 million revenue bonds

By Sheri Kasprzak

New York, Feb. 12 - The New York State Mortgage Agency priced $179.08 million of homeowner mortgage revenue bonds, according to a pricing sheet.

The deal included $38,255,000 of series 181 non-AMT bonds, $25,385,000 of series 182 non-AMT bonds, $96.48 million of series 183 AMT bonds and $18.96 million of series 184 taxable bonds.

The series 181 bonds are due 2039 and 2044. The 2039 bonds have a 4.65% and the 2044 bonds have a 4.8% coupon, both priced at par.

The series 182 bonds are due 2014 to 2017 with a term bond due in 2034. The serial coupons range from 0.185% to 0.9%, all priced at par. The 2034 bonds have a 4.4% coupon priced at par.

The series 183 bonds are due 2014 to 2024 with term bonds due in 2029 and 2031. The serial coupons range from 0.28% to 3.8%, all priced at par. The 2029 bonds have a 4.45% coupon priced at par, and the 2031 bonds have a 4.6% coupon priced at par.

The series 184 bonds are due 2014 to 2020 with coupons from 0.42% to 2.685%, all priced at par.

Morgan Stanley & Co. LLC was the senior manager.

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

Issuer:	New York State Mortgage Agency
Issue:	Homeowner mortgage revenue bonds
Amount:	$179.08 million
Type:	Negotiated
Underwriters:	Morgan Stanley & Co. LLC (lead), 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 (co-managers)
Pricing date:	Feb. 12
Settlement date:	March 13
$38,255,000 series 181 non-AMT bonds
Amount	Maturity	Type	Coupon	Price
$17,445,000	2039	Term	4.65%	100
$20.81 million	2044	Term	4.80%	100
$25,385,000 series 182 non-AMT bonds
Amount	Maturity	Type	Coupon	Price
$3,335,000	2014	Serial	0.185%	100
$3.45 million	2015	Serial	0.30%	100
$3,515,000	2015	Serial	0.35%	100
$3.59 million	2016	Serial	0.50%	100
$2.51 million	2016	Serial	0.65%	100
$2.68 million	2017	Serial	0.80%	100
$2.75 million	2017	Serial	0.90%	100
$3,555,000	2034	Term	4.40%	100
$96.48 million series 183 AMT bonds
Amount	Maturity	Type	Coupon	Price
$1.2 million	2014	Serial	0.28%	100
$1,485,000	2015	Serial	0.45%	100
$290,000	2015	Serial	0.60%	100
$315,000	2016	Serial	0.85%	100
$1,335,000	2016	Serial	0.95%	100
$1.16 million	2017	Serial	1.20%	100
$710,000	2017	Serial	1.35%	100
$1,625,000	2018	Serial	1.75%	100
$4,195,000	2018	Serial	1.85%	100
$5.18 million	2019	Serial	2.20%	100
$5,625,000	2019	Serial	2.30%	100
$6.46 million	2020	Serial	2.75%	100
$6.68 million	2020	Serial	2.80%	100
$6.16 million	2021	Serial	3.15%	100
$6.25 million	2021	Serial	3.20%	100
$6,425,000	2022	Serial	3.50%	100
$6.24 million	2022	Serial	3.50%	100
$6.28 million	2023	Serial	3.75%	100
$4,655,000	2023	Serial	3.75%	100
$1.25 million	2024	Serial	3.80%	100
$1.28 million	2024	Serial	3.80%	100
$14,715,000	2029	Term	4.45%	100
$6,965,000	2031	Term	4.60%	100
$18.96 million series 184 taxable bonds
Amount	Maturity	Type	Coupon	Price
$1,735,000	2014	Serial	0.42%	100
$2,165,000	2015	Serial	0.52%	100
$420,000	2015	Serial	0.71%	100
$455,000	2016	Serial	0.85%	100
$1.93 million	2016	Serial	1.00%	100
$1.3 million	2017	Serial	1.19%	100
$1.03 million	2017	Serial	1.39%	100
$4.81 million	2018	Serial	1.59%	100
$2,335,000	2018	Serial	1.845%	100
$1,335,000	2019	Serial	2.10%	100
$1,025,000	2019	Serial	2.295%	100
$300,000	2020	Serial	2.49%	100
$120,000	2020	Serial	2.685%	100

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