Pennsylvania Housing Finance Agency plans $59.625 million single-family mortgage revenue bonds

By Sheri Kasprzak

New York, March 11 - The Pennsylvania Housing Finance Agency intends to price $59.625 million in single-family revenue bonds later this month, a preliminary official statement said.

The exact pricing date could not be determined Tuesday.

The deal includes $13.5 million in series 2008-101A bonds, $16.31 million in series 2008-101B bonds and $29.815 million in series 2008-101C bonds.

The 101A bonds are due 2038, the 101B bonds are due 2017 and the floating-rate 101C bonds are due 2023.

The series 2008-101A and 2008-101B bonds will be sold on a negotiated basis through lead manager Goldman, Sachs & Co. The series 2008-101C bonds will be sold to a private investor.

Proceeds will be used to make single-family mortgage loans in Pennsylvania.

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