Connecticut Housing Finance to price $260.27 million mortgage finance program bonds

By Cristal Cody

Springdale, Ark., June 23 - The Connecticut Housing Finance Authority plans to price $260.27 million series 2008B mortgage finance program bonds, according to a preliminary official statement.

The $90 million subseries B1 fixed-rate bonds have maturities from 2017 to 2018 and terms in 2023, 2028 and 2034.

The $53.87 million subseries B2 fixed-rate bonds have serial maturities from 2009 through 2018 and term maturities in 2023 and 2028.

The $5 million subseries B3 fixed-rate bonds have serial maturities from 2009 through 2017.

The $111.4 million subseries B4 variable-rate bonds are due Nov. 15, 2038.

Citigroup Global Markets is the senior manager of the negotiated sale.

Co-managers are Goldman, Sachs & Co.; Merrill Lynch & Co.; Banc of America Securities LLC; MR Beal & Co.; J.P. Morgan Securities Inc.; Cabrera Capital Markets; Morgan Stanley; Roosevelt & Cross Inc. and Wachovia Bank., NA.

Proceeds will be used to refund outstanding bonds and finance permanent home mortgage loans.

Additional information was not available.

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