By Sheri Kasprzak
New York, Aug. 13 - The Connecticut Housing Finance Authority sold $65 million in series 2009B housing mortgage finance program bonds on Thursday, according to a pricing sheet.
The bonds (Aaa/AAA/) were sold through senior manager Goldman, Sachs & Co.
The co-managers were Citigroup Global Markets Inc., Merrill Lynch & Co. Inc., Cabrera Capital Markets Inc., J.P. Morgan Securities Inc., M.R. Beal & Co., Morgan Stanley & Co. Inc., Roosevelt & Cross Inc. and Wachovia Bank, NA.
The sale included $60 million in series 2009B-1 non-AMT bonds and $5 million in series 2009B-2 bonds.
The 2009B-1 bonds are due 2010 to 2019 with term bonds due 2029, 2034 and 2039. The serial coupons range from 0.7% to 3.85%, all priced at par. The 2029 bonds have a 4.875% coupon, priced at par. The 2034 bonds have a 5.2% coupon, priced at par, and the 2039 bonds have a 5.3% coupon, priced at par.
The 2009B-2 bonds are due 2010 to 2014 with coupons from 1.6% to 3.43%, all priced at par.
Proceeds will be used to fund mortgage loans.
| Issuer: | Connecticut Housing Finance Authority
|
| Issue: | Series 2009-B housing mortgage finance program bonds
|
| Amount: | $65 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. (lead); Citigroup Global Markets Inc., Merrill Lynch & Co. Inc., Cabrera Capital Markets Inc., J.P. Morgan Securities Inc., M.R. Beal & Co., Morgan Stanley & Co. Inc., Roosevelt & Cross Inc. and Wachovia Bank NA (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Aug. 13
|
| Settlement date: | Sept. 10
|
|
|
| Series 2009B-1 bonds
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 0.70% | Par
|
| 2010 | Serial | 0.75% | Par
|
| 2011 | Serial | 1.00% | Par
|
| 2011 | Serial | 1.05% | Par
|
| 2012 | Serial | 1.40% | Par
|
| 2012 | Serial | 1.45% | Par
|
| 2013 | Serial | 2.00% | Par
|
| 2013 | Serial | 2.00% | Par
|
| 2014 | Serial | 2.35% | Par
|
| 2014 | Serial | 2.35% | Par
|
| 2015 | Serial | 2.65% | Par
|
| 2015 | Serial | 2.65% | Par
|
| 2016 | Serial | 3.00% | Par
|
| 2016 | Serial | 3.00% | Par
|
| 2017 | Serial | 3.30% | Par
|
| 2017 | Serial | 3.30% | Par
|
| 2018 | Serial | 3.65% | Par
|
| 2018 | Serial | 3.65% | Par
|
| 2019 | Serial | 3.85% | Par
|
| 2019 | Serial | 3.85% | Par
|
| 2024 | Term | 4.875% | Par
|
| 2029 | Term | 4.875% | Par
|
| 2034 | Term | 5.20% | Par
|
| 2039 | Term | 5.30% | Par
|
|
|
| Series 2009B-2 bonds
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 1.60% | Par
|
| 2011 | Serial | 1.60% | Par
|
| 2012 | Serial | 2.18% | Par
|
| 2013 | Serial | 3.33% | Par
|
| 2014 | Serial | 3.43% | Par
|
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