Ohio Housing Finance Agency to price $187.575 million in residential mortgage revenue bonds

By Sheri Kasprzak

New York, Feb. 28 - The Ohio Housing Finance Agency will price $187.575 million in residential mortgage revenue bonds in March, according to a preliminary official statement.

The offering includes $37.5 million in series 2008A bonds, $67.5 million in series 2008B variable-rate bonds, $45 million in series 2008C variable-rate demand bonds and $37.575 million in series 2008D bonds.

The bonds will be sold on a negotiated basis with George K. Baum & Co. as the lead manager. The co-managers are Citigroup Global Markets, Goldman, Sachs & Co., Lehman Brothers, Butler Wick & Co., Fifth Third Securities, KeyBanc Capital Markets, Merrill Lynch, UBS Securities and SBK-Brooks Investment. George K. Baum is the sole underwriter for the 2008B and 2008C bonds.

The 2008A bonds are due from 2009 to 2018 with term bonds due 2013 and 2018.

The 2008B bonds are due 2039 and reset at the weekly rate. The 2008C bonds are due 2040 and also reset at the weekly rate.

The 2008D bonds are term bonds due 2018 and 2029.

Proceeds will be used to finance mortgage loans in Ohio, to refund the authority's 1998A-1 residential mortgage revenue bonds and to refund the authority's outstanding general obligation bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.