By Sheri Kasprzak
New York, Jan. 13 - The Connecticut Housing Finance Authority remarketed $100 million of series 2011C housing mortgage financing program bonds, according to an official statement.
The sale included $24,795,000 of series 2011C-1 variable-rate bonds and $75,205,000 of series 2011C-2 variable-rate bonds.
The 2011C-1 bonds are due May 15, 2035 and bear interest at the weekly rate. The 2011C-2 bonds are due May 15, 2034 and bear interest at the weekly rate.
The bonds (Aaa/VMIG 1/AAA/A-1/) were remarketed with Barclays Capital Inc. as the agent for the 2011C-1 bonds and Goldman, Sachs & Co. as the agent for the 2011C-2 bonds.
The bonds were originally issued in early August of 2011.
Proceeds from the offering will be used to fund mortgage loans.
| Issuer: | Connecticut Housing Finance Authority
|
| Issue: | Remarketing of series 2011C housing mortgage financing program bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Agents: | Barclays Capital Inc. (for 2011C-1); Goldman, Sachs & Co. (for 2011C-2)
|
| Ratings: | Moody's: Aaa/VMIG 1
|
| Standard & Poor's: AAA/A-1
|
| Remarketing date: | Jan. 12
|
| Original pricing date: | Aug. 1
|
|
|
| $24,795,000 series 2011C-1 bonds
|
| Maturity | Type | Coupon | Price
|
| May 15, 2035 | Term | Weekly | 100
|
|
|
| $75,205,000 series 2011C-2 bonds
|
| Maturity | Type | Coupon | Price
|
| May 15, 2034 | Term | Weekly | 100
|
© 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.
