Tennessee Housing to sell $50 million homeownership bonds this week

By Sheri Kasprzak

New York, Sept. 8 - The Tennessee Housing Development Agency plans to price its previously announced $50 million in series 2008 homeownership program bonds this week, according to a calendar of offerings.

The bonds will be sold through senior manager Morgan Keegan and include $44.325 million in series 2008A2 bonds and $5.675 million in series 2008B2 bonds.

The 2008A2 bonds are due 2010 to 2018 with term bonds due 2022 and 2027. The 2008B2 bonds are due 2013 and 2027.

Proceeds will be used for the agency's loan fund and for a deposit to a debt service reserve fund.

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