Published on 10/18/2013 in the Prospect News Municipals Daily.
New Issue: Oklahoma Housing Finance sells $56.29 million mortgage revenue bonds
By Sheri Kasprzak
New York, Oct. 18 - The Oklahoma Housing Finance Agency sold $56,293,996 of series 2013 single-family mortgage revenue bonds, according to an official statement.
The offering included $25,143,342 of series 2013C pass-through program non-AMT bonds and $31,150,654 of series 2013D pass-through program AMT bonds.
The 2013C bonds are due March 1, 2044 and have a 3.75% coupon priced at par. The 2013D bonds are due Sept. 1, 2035 and have a 3.35% coupon priced at par.
Proceeds will be used to finance single-family mortgage loans, as well as to refund existing debt.
| Issuer: | Oklahoma Housing Finance Agency
|
| Issue: | Series 2013 single-family mortgage revenue bonds
|
| Amount: | $56,293,996
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), BofA Merrill Lynch and George K. Baum & Co. (co-managers)
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 30
|
|
|
| $25,143,342 series 2013C pass-through program non-AMT bonds
|
| Maturity | Type | Coupon | Price
|
| March 1, 2044 | Term | 3.75% | 100
|
|
|
| $31,150,654 series 2013D pass-through program AMT bonds
|
| Maturity | Type | Coupon | Price
|
| Sept. 1, 2035 | Term | 3.35% | 100
|
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