By Sheri Kasprzak
New York, Nov. 29 - The Connecticut Housing Finance Authority priced $51.03 million of series 2010F variable-rate housing mortgage finance program bonds, according to an official statement.
The sale included $35.91 million of series 2010F-1 bonds and $15.12 million of series 2010F-2 bonds.
The F-1 bonds are due Nov. 15, 2035, and the 2010F-2 bonds are due Nov. 15, 2030. Both bonds bear interest at the weekly rate.
The bonds (Aaa/VMIG1/AAA/A-1+/) were sold on a negotiated basis on Wednesday. The lead manager for the 2010F-1 bonds was J.P. Morgan Securities LLC, and the lead for the 2010F-2 bonds was Goldman Sachs & Co.
Proceeds will be used to fund mortgage loans.
Based in Rocky Hill, Conn., the authority provides affordable mortgage loans for low- to moderate-income Connecticut residents.
| Issuer: | Connecticut Housing Finance Authority
|
| Issue: | Series 2010F variable-rate housing mortgage finance program bonds
|
| Amount: | $51.03 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead for 2010F-1); Goldman Sachs & Co. (lead for 2010F-2)
|
| Ratings: | Moody's: Aaa/VMIG1
|
| Standard & Poor's: AAA/A-1+
|
| Pricing date: | Nov. 24
|
| Settlement date: | Dec. 1
|
|
|
| $35.91 million series 2010F-1
|
| Maturity | Type | Coupon | Price
|
| Nov. 15, 2035 | Term | Weekly | 100
|
|
|
| $15.12 million series 2010F-2
|
| Maturity | Type | Coupon | Price
|
| Nov. 15, 2030 | Term | Weekly | 100
|
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