Pennsylvania Housing Finance to price $250 million in revenue bonds

By Sheri Kasprzak

New York, Nov. 23 - The Pennsylvania Housing Finance Agency is set to sell $250 million in series 2009-106 single family mortgage revenue bonds, according to a preliminary official statement.

The sale includes $14.645 million in series 2006-106A bonds, $85.355 million in series 2009-106B bonds and $150 million in series 2009-106C bonds.

The bonds will be sold through senior managers RBC Capital Markets Inc. and Barclays Capital Inc. The co-managers are George K. Baum & Co., Janney Montgomery Scott LLC, Merrill Lynch & Co., Morgan Stanley & Co. Inc. and Raymond James & Associates Inc.

The 2009-106A bonds are due 2013 to 2017 and the 2009-106B bonds are due 2010 to 2019 with term bonds due 2024 and 2028. The 2009-106C bonds are due 2040.

Proceeds will be used to purchase new mortgage loans.

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