North Dakota Housing readies $148.83 million housing finance bond sale

By Sheri Kasprzak

New York, April 12 – The North Dakota Housing Finance Agency is set to price $148.83 million of series 2016 housing finance program bonds, according to a preliminary official statement.

The deal includes $84,535,000 of series 2016A non-AMT bonds and $64,295,000 of series 2016B AMT bonds.

The bonds (Aa1) will be sold on a negotiated basis with RBC Capital Markets LLC and Wells Fargo Securities LLC as the senior managers. The co-managers Baird & Co. Inc. and Morgan Stanley & Co. LLC.

The 2016A bonds are due 2019 to 2027 with term bonds due in 2031 and 2035. The 2016B bonds are due 2017 to 2019 with a term bond due in 2047.

Proceeds will be used to finance mortgage loans to qualified North Dakotans.

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