Connecticut Housing Finance Authority to price $66.98 million of housing mortgage bonds

By Sheri Kasprzak

New York, Dec. 1 - The Connecticut Housing Finance Authority is set to price $66.98 million of series 2011F housing mortgage program bonds, said a preliminary official statement.

The sale includes $34.81 million of series 2011F-1 bonds, $1.91 million of series 2011F-2 bonds and $30.26 million of series 2011F-3 bonds.

The 2011F-1 and 2011F-2 bonds will be sold through senior managers Bank of America Merrill Lynch; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; and Morgan Stanley & Co. LLC.

Citigroup Global Markets Inc. is the underwriter for the series 2011F-3 bonds. The co-managers for the series 2011F-1 and 2011F-2 bonds are Barclays Capital Inc.; Grigsby & Associates Inc.; Janney Montgomery Scott LLC; Jefferies & Co.; M.R. Beal & Co. Inc.; Morgan Keegan & Co. Inc.; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC.

The 2011F-1 bonds are due 2012 to 2021 with term bonds due in 2026, 2031, 2041 and 2053. The 2011F-2 bonds are due Nov. 15, 2031, and the 2011F-3 bonds are due May 15, 2041 and Nov. 15, 2041.

Proceeds will be used to refund debt and make mortgage loans.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.