Connecticut Housing Finance to price $123.01 million bonds Thursday

By Sheri Kasprzak

New York, Nov. 10 - The Connecticut Housing Finance Authority plans to price $123.005 million in series 2008 housing mortgage finance program bonds on Thursday, according to an offering calendar.

The bonds (Aaa/AAA/) will be sold with Merrill Lynch & Co., Citigroup Global Markets and Goldman, Sachs & Co. as the senior managers. The co-managers are Banc of America Securities LLC, M.R. Beal & Co., J.P. Morgan Securities Inc., Cabrera Capital Markets, Morgan Stanley & Co. Inc., Roosevelt & Cross and Wachovia Bank.

The sale includes $110.695 million in series 2008F bonds and $12.31 million in series 2008G bonds. The 200F-1 bonds are due 2009 to 2013, and the 200F-2 bonds are due 2013 to 2018 with term bonds due 2023, 2028, 2033 and 2038. The 2008F-2 bonds are due 2009 to 2018. The 2008G bonds are due 2011 to 2018 with term bonds due 2023, 2028, 2033 and 2038.

Proceeds will be used to refund or replace current or future maturities of outstanding bonds, as well as provide new money for home mortgage purchases. The rest will be used to fund a housing mortgage capital reserve fund.

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