New York State Mortgage Agency offers $104.96 million revenue bonds

By Sheri Kasprzak

New York, Feb. 1 – The New York State Mortgage Agency is expected to price $104,955,000 of series 195-196 homeowner mortgage revenue bonds during the week of Feb. 1, according to a preliminary official statement.

The deal includes $77.26 million of series 195 non-AMT bonds and $27,695,000 of series 196 AMT bonds.

The series 195 bonds are due 2025 to 2026 with term bonds due in 2031, 2036, 2040 and 2046. The series 196 bonds are due 2016 to 2025 with a term bond due in 2037.

The bonds will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Academy Securities, Drexel Hamilton LLC, Jefferies & Co. Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC.

Proceeds will be used to finance mortgage loans.

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