Ohio Housing Finance Agency pulls $50 million series 2008K residential mortgage revenue bonds

By Aaron Hochman-Zimmerman

New York, Dec. 10 - Ohio Housing Finance Agency postponed its $50 million offering of series 2008K residential mortgage revenue bonds (Aaa/VMIG1) until after Jan. 1, according to a spokesman for the agency.

The agency cited difficult market conditions for the withdrawal of the offer.

Citigroup was mandated to act as lead underwriter for the issue.

The regularly scheduled offering contained serial bonds due 2010 to 2018 with term bonds due 2023, 2028, 2033 and 2039.

Proceeds would have been used for mortgage loans to low- and moderate-income individuals and families.

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