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Tennessee Housing arranges $150 million bond offering for Wednesday
By Sheri Kasprzak
New York, Oct. 14 – The Tennessee Housing Development Agency is on tap to price $150 million of series 2014 residential finance program bonds on Wednesday, according to a preliminary official statement.
The bonds (Aa1/AA+/) will be sold through senior manager RBC Capital Markets LLC with Citigroup Global Markets Inc., Raymond James/Morgan Keegan, J.P. Morgan Securities LLC, Hilliard Lyons LLC and Wells Fargo Securities LLC as the co-managers.
The offering includes $27,885,000 of series 2014A AMT bonds, $5.07 million of series 2014B non-AMT bonds and $117,045,000 of series 2014C non-AMT bonds.
The 2014A bonds are due July 1, 2045, and the 2014B bonds are due 2016 to 2019. The 2014C bonds are due 2015 to 2025 with term bonds due in 2029, 2034, 2039 and 2045.
Proceeds will be used to finance residential program loans.
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