By Sheri Kasprzak
New York, Aug. 16 - The Minnesota Housing Finance Agency sold $50 million of series 2012A non-AMT homeownership finance bonds, said a pricing sheet.
The bonds were sold through RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co.
The bonds (Aaa) are due Sept. 1, 2042 and bear interest at 2.6% priced at par.
Proceeds will be used to finance housing loans to qualified Minnesota residents.
Issuer: | Minnesota Housing Finance Agency
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Issue: | Series 2012A non-AMT homeownership finance bonds
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Amount: | $50 million
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Maturity: | Sept. 1, 2042
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Coupon: | 2.6%
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Price: | 100
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Type: | Negotiated
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Underwriters: | RBC Capital Markets LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (lead)
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Ratings: | Moody's: Aaa
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Pricing date: | Aug. 16
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Settlement date: | Aug. 28
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