By Sheri Kasprzak
New York, March 3 - The Pennsylvania Housing Finance Agency priced $140 million in series 2010-108 single family mortgage revenue bonds on Wednesday, according to a pricing sheet.
The bonds were sold through senior manager Bank of America Merrill Lynch. The co-managers were Barclays Capital Inc., Janney Montgomery Scott LLC, J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., PNC Capital Markets Inc., RBC Capital Markets Corp. and Wells Fargo Securities Inc.
The 2010-108A bonds are due 2014 to 2015 with 1.875% to 2.35% coupons, all priced at par. The 2010-108B bonds are due 2010 to 2021 with term bonds due 2024, 2025 and 2028. Coupons range from 0.375% to 4.75%, all priced at par.
Proceeds will be used to fund mortgage loans.
| Issuer: | Pennsylvania Housing Finance Agency
|
| Issue: | Series 2010-108 single family mortgage revenue bonds
|
| Amount: | $140 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead); Barclays Capital Inc., Janney Montgomery Scott LLC, J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., PNC Capital Markets Inc., RBC Capital Markets Corp. and Wells Fargo Securities Inc. (co-managers)
|
| Pricing date: | March 3
|
|
|
| Series 2010-108A
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 1.875% | 100
|
| 2014 | Serial | 1.95% | 100
|
| 2015 | Serial | 2.3% | 100
|
| 2015 | Serial | 2.35% | 100
|
|
|
| Series 2010-108B
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 0.375% | 100
|
| 2011 | Serial | 0.5% | 100
|
| 2011 | Serial | 0.875% | 100
|
| 2012 | Serial | 1.25% | 100
|
| 2012 | Serial | 1.375% | 100
|
| 2013 | Serial | 1.5% | 100
|
| 2013 | Serial | 1.75% | 100
|
| 2014 | Serial | 1.875% | 100
|
| 2015 | Serial | 2.35% | 100
|
| 2016 | Serial | 2.875% | 100
|
| 2016 | Serial | 3% | 100
|
| 2017 | Serial | 3.25% | 100
|
| 2017 | Serial | 3.25% | 100
|
| 2018 | Serial | 3.5% | 100
|
| 2018 | Serial | 3.5% | 100
|
| 2019 | Serial | 3.75% | 100
|
| 2019 | Serial | 3.75% | 100
|
| 2020 | Serial | 3.9% | 100
|
| 2020 | Serial | 3.9% | 100
|
| 2021 | Serial | 4% | 100
|
| 2021 | Serial | 4% | 100
|
| 2024 | Term | 4.5% | 100
|
| 2025 | Term | 4.5% | 100
|
| 2028 | Term | 4.75% | 100
|
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