Wisconsin Housing readies $240.3 million home ownership revenue bonds

By Sheri Kasprzak

New York, March 17 – The Wisconsin Housing and Economic Development Authority is expected to price $240.3 million of series 2016 home ownership revenue bonds, according to a preliminary official statement.

The deal includes $165.3 million of series 2016A AMT bonds, $15 million of series 2016B variable-rate non-AMT bonds and $60 million of series 2016C variable-rate demand non-AMT bonds.

The 2016A bonds are due 2016 to 2026 with term bonds due in 2029 and 2046. The 2016B bonds are due March 1, 2031. The 2016C bonds are due March 1, 2038.

The bonds (Aa2/AA/) will be sold on a negotiated basis with RBC Capital Markets LLC as the senior manager. The co-managers are BofA Merrill Lynch and J.P. Morgan Securities LLC.

Proceeds will be used to refund existing home ownership revenue bonds.

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