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Published on 6/17/2009 in the Prospect News Municipals Daily.

Ohio Housing Finance to price $68.73 million mortgage revenue bonds

By Sheri Kasprzak

New York, June 17 - The Ohio Housing Finance Agency is expected to sell $68.725 million in series 2009 residential mortgage revenue bonds, according to a preliminary official statement.

The bonds (Aaa) will be sold on a negotiated basis with George K. Baum & Co., Citigroup Global Markets Inc. and Barclays Capital Inc.

The co-managers are Goldman, Sachs & Co.; Fifth Third Securities Inc.; Edward D. Jones & Co.; KeyBanc Capital Markets Inc.; Merrill Lynch & Co. Inc.; NatCity Investments Inc.; and SBK-Brooks Investment Corp.

The deal includes $23.03 million in series 2009B non-AMT bonds, $26.97 million in series 2009C non-AMT bonds and $18.725 million in series 2009D AMT bonds.

The 2009B bonds are due 2034, 2039 and 2040. The 2009C bonds are due 2019, 2024, 2029 and 2034. The 2009D bonds are due 2010 to 2019.

Proceeds will be used to fund mortgage loans.


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