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Published on 8/31/2011 in the Prospect News Municipals Daily.

New Issue: West Virginia Housing prices $50 million taxable housing finance bonds

By Sheri Kasprzak

New York, Aug. 31 - The West Virginia Housing Development Fund sold $50 million of series 2011A taxable housing finance bonds, said a pricing sheet.

The bonds were sold through senior managers Raymond James & Associates Inc. and Morgan Keegan & Co. Inc.

The bonds are due 2012 to 2021 with 0.886% to 3.622% coupons, all priced at par.

Proceeds will be used to make mortgage loans to eligible individuals for rental properties in West Virginia.

Issuer:West Virginia Housing Development Fund
Issue:Series 2011A taxable housing finance bonds
Amount:$50 million
Type:Negotiated
Underwriters:Raymond James & Associates Inc. and Morgan Keegan & Co. Inc.
Pricing date:Aug. 31
Settlement date:Sept. 14
AmountMaturityTypeCouponPrice
$2.15 million2012Serial0.886%100
$2.315 million2012Serial0.986%100
$2.32 million2013Serial1.095%100
$2.335 million2013Serial1.195%100
$2.345 million2014Serial1.267%100
$2.37 million2014Serial1.367%100
$2.375 million2015Serial1.676%100
$2.4 million2015Serial1.826%100
$2.425 million2016Serial2.076%100
$2.45 million2016Serial2.226%100
$2.475 million2017Serial2.559%100
$2.52 million2017Serial2.709%100
$2.55 million2018Serial2.809%100
$2.58 million2018Serial2.909%100
$2.615 million2019Serial3.122%100
$2.665 million2019Serial3.222%100
$2.71 million2020Serial3.322%100
$2.75 million2020Serial3.422%100
$2.795 million2021Serial3.522%100
$2.855 million2021Serial3.622%100

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