Ohio Housing Finance to price $150 million mortgage bonds Thursday

By Cristal Cody

Springdale, Ark., Aug. 1 - The Ohio Housing Finance Agency expects to price $150 million residential mortgage revenue bonds on Thursday, according to a sale calendar.

The sale includes $85 million series 2008F fixed-rate bonds with split serial maturities from 2009 through 2018 and terms due in 2028, 2033 and 2039; $13.75 million series 2008G fixed-rate term bonds due in 2023 and $13.75 million series 2008H and $37.5 million series 2008I variable-rate bonds due in 2039.

Citigroup Global Markets is the senior manager of the negotiated sale.

Co-managers are George K. Baum & Co.; Goldman, Sachs & Co.; Lehman Brothers; Butler Wick & Co.; Fifth Third Securities Inc.; KeyBanc Capital Markets Inc.; Merrill Lynch & Co.; NatCity Investments Inc.; and SBK-Brooks Investment Corp.

Proceeds will be used to finance new mortgage loans to qualified low- and moderate-income applicants and refund outstanding obligations.

© 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.