By Sheri Kasprzak
New York, Dec. 1 - The Ohio Housing Finance Authority priced $143.11 million of series 2010 variable-rate residential mortgage revenue bonds on Tuesday, according to an official statement.
The deal included $90.61 million of series 2010B bonds and $52.5 million of series 2010C bonds.
The bonds (Aaa/VMIG1) were sold through J.P. Morgan Securities LLC.
The 2010B bonds are due Sept. 1, 2032 and bear interest at the weekly rate. The 2010C bonds are due March 1, 2038 and also bear interest at the weekly rate.
Proceeds will be used to refund the authority's series 2007A bonds and its outstanding series 2010A bonds.
The Columbus, Ohio-based authority provides mortgage loans and rental housing assistance for Ohioans.
| Issuer: | Ohio Housing Finance Authority
|
| Issue: | Series 2010 variable-rate residential mortgage revenue bonds
|
| Amount: | $143.11 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Rating: | Moody's: Aaa/VMIG1
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 1
|
|
|
| $90.61 million series 2010B
|
| Maturity | Type | Coupon | Price
|
| Sept. 1, 2032 | Term | Weekly | 100
|
|
|
| $52.5 million series 2010C
|
| Maturity | Type | Coupon | Price
|
| March 1, 2038 | Term | Weekly | 100
|
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