Wyoming Community Development Authority set to price $50 million housing revenue bonds

By Cristal Cody

Springdale, Ark., May 7 - The Wyoming Community Development Authority plans to price $50 million housing revenue bonds, according to a preliminary official statement.

The $37 million series 2008-1 fixed-rate bonds have serial maturities from 2009 through 2017 and term bonds in 2023, 2028, 2033 and 2035.

The $13 million series 2008-2 variable-rate bonds are due Dec. 1, 2038. The bonds will price with an initial weekly interest rate.

Merrill Lynch & Co. is the senior manager of the negotiated sale. Co-managers are Kaiser and Co., Citigroup Global Markets and George K. Baum & Co.

Proceeds will be used to provide funds to purchase loans and to refund retiring bonds.

Additional information is expected to be available on Thursday, according to a source at the authority.

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