Washington State Housing preps $88.88 million sale of revenue bonds

By Sheri Kasprzak

New York, Dec. 5 - The Washington State Housing Finance Commission is set to price $88,875,000 of series 2012 nonprofit housing revenue and revenue refunding bonds, according to a preliminary official statement.

The deal includes $74,675,000 of series 2012A fixed-rate bonds, $5 million of series 2012B adjustable-rate bonds and $9.2 million of series 2012C temporary fixed-rate bonds.

The bonds will be sold through senior managers Cain Brothers Inc. and BB&T Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to refund existing debt.

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