Published on 10/14/2010 in the Prospect News Municipals Daily.
New Issue: Ohio Housing Finance Agency sells $130 million mortgage revenue bonds
By Sheri Kasprzak
New York, Oct. 14 - The Ohio Housing Finance Agency priced $130 million in series 2010-1 single-family mortgage revenue bonds (A1) on Thursday, according to a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc. with 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 LLC and PNC Capital Markets LLC as the co-managers.
The bonds are due 2011 to 2020 with term bonds due 2025 and 2028. The serial coupons range from 0.45% to 3.25%, all priced at par. The 2025 bonds have a 4% coupon priced at par. The 2028 bonds have a split maturity with a 4.125% coupon, priced at par, and a 5% coupon, also priced at par.
Proceeds will be used to fund mortgage loans.
Issuer: | Ohio Housing Finance Agency
|
Issue: | Series 2010-1 single-family mortgage revenue bonds
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Amount: | $130 million
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets Inc. (lead), 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 LLC and PNC Capital Markets LLC (co-managers)
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Rating: | Moody's: A1
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Pricing date: | Oct. 14
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Settlement date: | Oct. 27
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|
Maturity | Type | Coupon | Price
|
2011 | Serial | 0.45% | 100
|
2011 | Serial | 0.55% | 100
|
2012 | Serial | 0.70% | 100
|
2012 | Serial | 0.80% | 100
|
2013 | Serial | 1% | 100
|
2013 | Serial | 1.1% | 100
|
2014 | Serial | 1.4% | 100
|
2014 | Serial | 1.55% | 100
|
2015 | Serial | 2% | 100
|
2015 | Serial | 2% | 100
|
2016 | Serial | 2.35% | 100
|
2016 | Serial | 2.35% | 100
|
2017 | Serial | 2.65% | 100
|
2017 | Serial | 2.65% | 100
|
2018 | Serial | 2.9% | 100
|
2018 | Serial | 2.9% | 100
|
2019 | Serial | 3.05% | 100
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2019 | Serial | 3.05% | 100
|
2020 | Serial | 3.25% | 100
|
2020 | Serial | 3.25% | 100
|
2025 | Term | 4% | 100
|
2028 | Term | 4.125% | 100
|
2028 | Term | 5% | 100
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