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Tennessee Housing offers $65.29 million housing finance program bonds
By Sheri Kasprzak
New York, Sept. 29 - The Tennessee Housing Development Agency is set to bring to market $65.29 million of series 2011C non-AMT housing finance program bonds, according to a preliminary official statement.
The bonds (Aa2) will be sold on a negotiated basis with Morgan Keegan & Co. Inc. as the senior manager. The co-managers are Bank of America Merrill Lynch, RBC Capital Markets LLC, Citigroup Global Markets Inc., Raymond James & Associates Inc., M.R. Beal & Co. Inc. and Wiley Bros.-Aintree Capital LLC.
The bonds are due 2012 to 2022 with term bonds due in 2026, 2030 and 2034.
Proceeds will be used to offer affordable housing loans.
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