Connecticut Housing Finance to price $107.96 million mortgage bonds

By Sheri Kasprzak

New York, June 30 - The Connecticut Housing Finance Authority plans to bring to market $107.955 million of series 2011A housing mortgage finance program bonds, according to a preliminary official statement.

The offering includes $67.18 million of series 2011A-1 bonds and $40.775 million of series 2011A-2 taxable variable-rate bonds.

The bonds (Aaa/VMIG1/AAA/A-1/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the manager.

The 2011A-1 bonds, which are due Nov. 15, 2032, are subject to a mandatory tender on July 25, 2012. The 2011A-2 bonds are due May 15, 2041.

Proceeds will be used to finance mortgage loans, as well as to refund existing debt.

© 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.