Ohio Housing Finance to price $72 million mortgage revenue bonds

By Cristal Cody

Tupelo, Miss., Oct. 22 - The Ohio Housing Finance Agency expects to price $72 million in residential mortgage revenue bonds on Oct. 29, a source said Wednesday.

The fixed- and variable-rate bonds also will be sold through retail orders on Tuesday.

The $50 million series 2008J fixed-rate bonds have serial maturities from 2010 through 2018 and terms due 2023, 2028, 2033 and 2039.

The $16.29 million series 2008K and $5.71 million series 2008L variable-rate bonds are due in 2039.

The variable-rate bonds will price initially with a weekly interest rate.

George K. Baum & Co. is the senior manager of the negotiated sale.

The co-managers are Citigroup Global Markets, Goldman, Sachs & Co., Barclays Capital, Butler, Wick & Co., Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Merrill Lynch & Co., NatCity Investments Inc. and SBK-Brooks Investment Corp.

The proceeds will be used to finance the purchase of owner-occupied residences by qualified low- and moderate-income residents and to refund outstanding obligations.

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