By Sheri Kasprzak
New York, Aug. 1 - The Connecticut Housing Finance Authority priced $100 million of series 2011C variable-rate housing mortgage finance program bonds, according to an official statement.
The deal included $24.795 million of series 2011C-1 bonds and $75.205 million of series 2011C-2 AMT bonds.
Both bonds (Aaa/VMIG 1/AAA/A-1) bear interest initially at the weekly rate, but can be converted to the daily, weekly or monthly mode. The 2011C-1 bonds are due May 15, 2035, and the 2011C-2 bonds are due May 15, 2034.
Goldman, Sachs & Co. was the underwriter for the deal.
Proceeds will be used to make mortgage loans.
| Issuer: | Connecticut Housing Finance Authority
|
| Issue: | Series 2011C variable-rate housing mortgage finance program bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Moody's: Aaa/VMIG 1
|
| Standard & Poor's: AAA/A-1
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 4
|
|
|
| $24.795 million series 2011C-1
|
| Maturity | Type | Coupon | Price
|
| May 15, 2035 | Term | Weekly | 100
|
|
|
| $75.205 million series 2011C-2
|
| Maturity | Type | Coupon | Price
|
| May 15, 2034 | Term | Weekly | 100
|
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