Pennsylvania Housing Finance readies $161.99 million mortgage bonds

By Sheri Kasprzak

New York, March 14 – The Pennsylvania Housing Finance Agency is set to price $161,985,000 of series 2016-119 non-AMT single family mortgage revenue bonds, according to a preliminary official statement.

The bonds (Aa2/AA+) will be sold through senior manager J.P. Morgan Securities LLC with BofA Merrill Lynch, Barclays, Drexel Hamilton LLC, George K. Baum & Co., Jefferies & Co., PNC Capital Markets LLC, Quoin Capital LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC as the co-managers.

The bonds are due 2016 to 2027 with term bonds due in 2031, 2036 and 2041.

Proceeds will be used to finance mortgage loans to qualified Pennsylvania residents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.