By Sheri Kasprzak
New York, Aug. 27 - The Tennessee Housing Development Agency sold $75 million in series 2009-2 homeowners program bonds Thursday, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through senior manager Merrill Lynch & Co. Inc.
The bonds are due 2011 to 2021 with term bonds due 2024, 2027 and 2030. The serial coupons range from 1.15% to 4.15%, all priced at par. The 2024 bonds have a 4.55% coupon, the 2027 bonds a 4.7% coupon and the 2030 bonds a 5% coupon, also priced at par.
Proceeds will be used to make mortgage loans.
The Tennessee Housing Development Agency is based in Nashville.
| Issuer: | Tennessee Housing Development Agency
|
| Issue: | Series 2009-2 homeowners program bonds
|
| Amount: | $75 million
|
| Type: | Negotiated
|
| Underwriter: | Merrill Lynch & Co. Inc. (lead)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 30
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 1.15% | Par
|
| 2011 | Serial | 1.30% | Par
|
| 2012 | Serial | 1.65% | Par
|
| 2012 | Serial | 1.75% | Par
|
| 2013 | Serial | 2.15% | Par
|
| 2013 | Serial | 2.20% | Par
|
| 2014 | Serial | 2.55% | Par
|
| 2014 | Serial | 2.55% | Par
|
| 2015 | Serial | 2.95% | Par
|
| 2015 | Serial | 2.95% | Par
|
| 2016 | Serial | 3.20% | Par
|
| 2016 | Serial | 3.15% | Par
|
| 2017 | Serial | 3.15% | Par
|
| 2017 | Serial | 3.45% | Par
|
| 2018 | Serial | 3.70% | Par
|
| 2018 | Serial | 3.70% | Par
|
| 2019 | Serial | 3.90% | Par
|
| 2019 | Serial | 3.90% | Par
|
| 2020 | Serial | 4.00% | Par
|
| 2020 | Serial | 4.00% | Par
|
| 2021 | Serial | 4.15% | Par
|
| 2021 | Serial | 4.15% | Par
|
| 2024 | Term | 4.55% | Par
|
| 2027 | Term | 4.70% | Par
|
| 2030 | Term | 5.00% | Par
|
© 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.
