Colorado Housing and Finance to sell $624.78 million of unemployment compensation bonds

By Sheri Kasprzak

New York, June 18 - The Colorado Housing and Finance Authority is set to price $624.78 million of series 2012 unemployment compensation fund special revenue bonds, said a sales calendar. Pricing is planned for the week of June 18.

The offering includes $93.33 million of series 2012A tax-exempt bonds and $531.45 million of series 2012B taxable bonds.

The bonds (Aa2/AA/) will be sold through senior manager Goldman, Sachs & Co.

Proceeds will be used to repay an advance from the federal government to the state's unemployment compensation fund and recapitalize the fund.

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