Connecticut Housing to price $143.42 million mortgage finance bonds

By Cristal Cody

Tupelo, Miss., Oct. 10 - The Connecticut Housing Finance Authority plans to price $143.42 million mortgage finance bonds in six tranches, according to a preliminary official statement.

The sale includes $63.42 million series 2008C, $2.85 million subseries C1, $54.585 million subseries C2, $3.985 million subseries C3, $2 million subseries C4 and $16.58 million series 2008D bonds.

The series 2008C and subseries C1 bonds have serial maturities from 2009 through 2015.

The subseries C2 bonds have serial maturities from 2015 through 2018 with terms due 2023, 2029 and 2039, and the subseries C3 and C4 bonds have serial maturities from 2009 through 2018.

The series 2008D bonds have serial maturities from 2009 through 2018 with terms due 2029 and 2039, with a mandatory tender date in 2011 on the 2038 maturity.

Goldman, Sachs & Co. is the senior manager of the negotiated sale. Co-managers are Citigroup Global Markets, Merrill Lynch & Co., Banc of America Securities LLC, M.R. Beal & Co., J.P. Morgan Securities Inc., Cabrera Capital Markets, Morgan Stanley & Co. Inc., Roosevelt & Cross Inc. and Wachovia Bank, NA.

Proceeds will be used to refund or replace maturities of outstanding bonds, to provide new money to finance permanent home mortgage loans and to fund the housing mortgage capital reserve fund.

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