Ohio Housing to bring $50 million postponed sale to market Thursday

By Sheri Kasprzak

New York, Jan. 12 - The Ohio Housing Finance Agency plans to move forward with its previously announced $50 million in residential mortgage revenue bonds, according to a sales calendar.

The offering will now price Thursday after being postponed in mid-December due to difficult market conditions.

The bonds (Aaa/VMIG1) have been re-designated as series 2009A residential mortgage revenue bonds and will price on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

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

The bonds are due 2010 to 2018 with term bonds due 2023, 2028, 2033 and 2039.

Proceeds will be used for mortgage loans to low- and moderate-income individuals and families.

© 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.