Wisconsin Housing and Economic Development Authority plans to price $190 million revenue bonds

By Cristal Cody

Springdale, Ark., April 23 - The Wisconsin Housing and Economic Development Authority expects to price $150 million of home ownership revenue bonds on April 30, the issuer said on Wednesday.

The authority also expects to price $38 million of series 2008B variable-rate demand bonds due Sept. 1, 2034 later in May, said Sherry Gerongale, treasury manager.

The $150 million of series 2008A fixed-rate bonds also include $76.21 million that will price as variable-rate demand bonds due on Sept. 1, 2038.

The fixed-rate bonds have term bonds due in 2023, 2028 and 2032.

Merrill Lynch & Co. is the senior manager of the negotiated sale and the manager of the variable-rate demand bonds. Co-managers on the fixed-rate bonds are JPMorgan, RBC Capital Markets, Stifel, Nicolaus & Co. and Loop Capital Markets LLC.

Proceeds will be used to refund existing loans and to purchase new mortgage loans.

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