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Pennsylvania Housing Finance to sell $149.4 million mortgage bonds
By Sheri Kasprzak
New York, Jan. 28 – The Pennsylvania Housing Finance Agency is set to price $149.4 million of series 2015-116 single-family mortgage revenue bonds, according to a preliminary official statement.
The offering includes $98.3 million of series 2015-116A AMT bonds and $51.1 million of series 2015-116B non-AMT bonds.
The bonds will be sold through senior manager Morgan Stanley & Co. LLC.
The co-managers are Barclays, BofA Merrill Lynch, Drexel Hamilton LLC, George K. Baum & Co. LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Quoin Capital LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC.
The 2015-116A bonds are due 2015 to 2026 with term bonds due in 2030 and 2033. The 2015-116B bonds are due 2035, 2040 and 2045.
Proceeds will be used to purchase mortgage loans for single-family residences.
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