Ohio Housing Finance offers $143.11 million mortgage revenue bonds

By Sheri Kasprzak

New York, Nov. 23 - The Ohio Housing Finance Authority is set to sell $143.11 million of series 2010 residential mortgage revenue bonds, according to a preliminary official statement.

The offering includes $90.61 million of series 2010B variable-rate demand bonds and $52.5 million of series 2010C variable-rate demand bonds.

The bonds (Aaa/VMIG1) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the underwriter.

The 2010B bonds are due Sept. 1, 2032, and the 2010C bonds are due March 1, 2038.

Proceeds will be used to refund the authority's series 2007A bonds and its outstanding series 2010A bonds.

Based in Columbus, Ohio, the authority provides affordable housing loans to low- to moderate-income Ohioans.

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