North Dakota preps $64.51 million sale of home finance program bonds

By Sheri Kasprzak

New York, Sept. 13 - The State of North Dakota plans to price $64.51 million of series 2012 North Dakota Housing Finance Agency home mortgage finance program bonds, according to a preliminary official statement.

The deal includes $50 million of series 2012A non-AMT bonds and $14.51 million of series 2012B AMT bonds.

The bonds (Aa1) will be sold on a negotiated basis with RBC Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Piper Jaffray & Co. Inc.

The 2012A bonds are due 2021 to 2023 with term bonds due in 2027, 2032, 2034 and 2042. The 2012B bonds are due 2013 to 2021.

Proceeds will be used to make amounts available to purchase program loans.

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