By Cristal Cody
Springdale, Ark., Aug. 5 - The Wyoming Community Development Authority priced $60 million housing revenue bonds with 4.625% to 5.625% yields on Tuesday, the issuer told Prospect News.
The series 2008-3 bonds (Aa1/AA+/) priced at par with 2.35% to 4.625% coupons for the serial maturities from 2009 through 2018, said Scott Hoversland, finance director.
The terms due 2023, 2028, 2033 and 2038 priced with 4.5% to 5.625% coupons to yield 5.15% to 5.625%.
Merrill Lynch & Co. was the senior manager of the negotiated sale. Co-managers were Kaiser & Co., Citigroup Global Markets and George K. Baum & Co.
Proceeds will be used to purchase first-time homebuyer loans.
| Issuer: | Wyoming Community Development Authority
|
| Issue: | Series 2008-3 housing revenue bonds
|
| Amount: | $60 million
|
| Type: | Negotiated
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| Coupons: | 2.35%-4.625% serials; 4.5%-5.625% terms
|
| Yields: | Par serials; 5.15%-5.625% terms
|
| Maturities: | 2009-2018 serials; 2023, 2028, 2033 and 2038 terms
|
| Underwriter: | Merrill Lynch & Co. (lead)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Aug. 5
|
| Settlement date: | Sept. 4
|
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