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Ohio Housing Finance Agency to price $130 million revenue bonds
By Sheri Kasprzak
New York, Oct. 7 - The Ohio Housing Finance Agency plans to sell $130 million in series 2010-1 single family mortgage revenue bonds and convert $195 million in series 2009-1A revenue bonds, according to a preliminary official statement.
The new bonds (A1) will be sold on a negotiated basis with Citigroup Global Markets Inc. The co-managers are Barclays Capital Inc.; George K. Baum & Co.; J.P. Morgan Securities LLC; Blaylock Robert Van LLC; Bank of America Merrill Lynch; Edward D. Jones & Co. LP; Fifth Third Securities Inc.; KeyBanc Capital Markets Inc.; and PNC Capital Markets.
The 2010 bonds are due 2011 to 2020 with term bonds due 2025 and 2028.
The agency will also convert its series 2009-1A bonds. Those bonds will, as of Dec. 27, bear interest at the sum of the spread plus the lesser of four-week Treasury bill rate as of two business days following the release date or the permanent rate, less the spread.
Proceeds from the new money bonds will be used to fund mortgage loans.
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