By Sheri Kasprzak
New York, Oct. 15 - The Ohio Housing Finance Agency sold $75 million in series 2009 residential mortgage revenue bonds, according to a term sheet.
The sale included $28.345 million in series 2009E non-AMT bonds and $46.655 million in series 2009F non-AMT bonds.
The 2009E bonds are due 2013 to 2019 with coupons from 1.9% to 3.8%, all priced at par, with a 2039 term bond with a 5% coupon, also priced at par.
The 2009F bonds are due 2010 to 2012 with term bonds due 2024, 2029 and 2040. The coupons range from 0.8% to 1.6%, all priced at par. The 2024 bonds have a 4.5% coupon, the 2029 bonds have a 4.75% coupon, and the 2040 bonds have a 5% coupon, all priced at par.
Barclays Capital Inc. was the senior manager. The co-managers included Citigroup Global Markets Inc., George K. Baum & Co., Goldman, Sachs & Co., Blaylock Robert Van LLC, Edward D. Jones, Fifth Third Securities Inc., J.P. Morgan Securities Inc., NatCity Investments Inc. and Merrill Lynch & Co. Inc.
Proceeds will fund mortgage loans.
| Issuer: | Ohio Housing Finance Agency
|
| Issue: | Series 2009 residential mortgage revenue bonds
|
| Amount: | $75 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. (lead); Citigroup Global Markets Inc., George K. Baum & Co., Goldman, Sachs & Co., Blaylock Robert Van LLC, Edward D. Jones, Fifth Third Securities Inc., J.P. Morgan Securities Inc., NatCity Investments Inc. and Merrill Lynch & Co. Inc. (co-managers)
|
| Pricing date: | Oct. 15
|
| Settlement date: | Oct. 28
|
|
|
| Series 2009E
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 1.9% | Par
|
| 2013 | Serial | 2% | Par
|
| 2014 | Serial | 2.35% | Par
|
| 2014 | Serial | 2.4% | Par
|
| 2015 | Serial | 2.8% | Par
|
| 2015 | Serial | 2.85% | Par
|
| 2016 | Serial | 3.1% | Par
|
| 2016 | Serial | 3.15% | Par
|
| 2017 | Serial | 3.4% | Par
|
| 2017 | Serial | 3.4% | Par
|
| 2018 | Serial | 3.65% | Par
|
| 2018 | Serial | 3.65% | Par
|
| 2019 | Serial | 3.8% | Par
|
| 2019 | Serial | 3.8% | Par
|
| 2039 | Term | 5% | Par
|
|
|
| Series 2009F
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 0.8% | Par
|
| 2011 | Serial | 1.1% | Par
|
| 2011 | Serial | 1.2% | Par
|
| 2012 | Serial | 1.5% | Par
|
| 2012 | Serial | 1.6% | Par
|
| 2024 | Term | 4.5% | Par
|
| 2029 | Term | 4.75% | Par
|
| 2040 | Term | 5% | Par
|
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