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Georgia Housing and Finance eyes $107.4 million mortgage bond offering
By Sheri Kasprzak
New York, May 10 – The Georgia Housing and Finance Authority is expected to price $107.4 million of series 2016A single family mortgage bonds, according to a preliminary official statement.
The offering includes $55 million of series 2016A-1 non-AMT bonds and $52.4 million of series 2016A-2 AMT bonds.
The bonds (/AAA/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and BofA Merrill Lynch as the senior managers. The co-managers are J.P. Morgan Securities LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC.
The 2016A-1 bonds are due in 2036, 2041, 2044 and 2046. The 2016A-2 bonds are due 2016 to 2027 with term bonds due in 2031 and 2033.
Proceeds will be used to refund the authority’s series 2006C-2 and 2009C-1 mortgage bonds.
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