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Connecticut Housing Finance Authority plans $66.67 million sale of special obligation bonds
By Sheri Kasprzak
New York, Oct. 15 - The Connecticut Housing Finance Authority plans to sell $66.67 million in series 2010-1 non-AMT single-family special obligation bonds, as well as convert $100 million in series 2009 bonds.
The new bonds are being offered through joint bookrunners Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and J.P. Morgan Securities LLC.
The co-managers are Barclays Capital Inc.; Citigroup Global Markets Inc.; Grigsby & Associates Inc.; Janney Montgomery Scott LLC; Jefferies & Co. Inc.; M.R. Beal & Co. Inc.; Ramirez & Co. Inc.; Morgan Keegan & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC.
The bonds are due 2011 to 2021 with term bonds due 2025 and 2030.
Proceeds will be used to finance single-family mortgage loans.
The conversion includes $47.29 million in series 2009-1 AMT bonds, which are due June 1, 2035, and $52.71 million in series 2009-2 non-AMT bonds, which are due Dec. 1, 2041. The details of the conversion were not released Friday.
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