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Tennessee Housing to sell $74.71 million housing finance bonds Tuesday
By Sheri Kasprzak
New York, May 10 - The Tennessee Housing Development Agency is set to price $74.71 million in series 2010 housing finance program bonds on Tuesday, according to a notice of sale.
The offering includes $56.86 million in series 2010A-1 non-AMT bonds and $17.85 million in series 2010A-2 AMT bonds.
The bonds (Aa2) will be sold through senior manager RBC Capital Markets Corp. The co-managers are Morgan Keegan & Co. Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Raymond James & Associates Inc., M.R. Beal & Co. Inc. and Duncan-Williams Inc.
The 2010A-1 bonds are due 2011 to 2021, and the 2010A-2 bonds are due 2024 and 2027.
Proceeds will be used to finance housing loans.
The agency, based in Nashville, provides housing loans to low- and moderate-income people throughout the state.
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