Connecticut Housing to price $52.38 million mortgage finance bonds

By Sheri Kasprzak

New York, May 4 - The Connecticut Housing Finance Authority plans to price $52,375,000 of series 2012B housing mortgage finance program bonds, according to a preliminary official statement.

The deal includes $24.62 million of series 2012B-1 bonds, $14,465,000 of series 2012B-2 AMT bonds and $13.29 million of series 2012B-3 taxable bonds.

The bonds (Aaa/AAA/) will be sold on a negotiated basis.

The senior managers are Citigroup Global Markets Inc., Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

The co-managers are Barclays Capital Inc.; Goldman Sachs & Co.; Grigsby & Associates; Janney Montgomery Scott LLC; Jefferies & Co.; M.R. Beal & Co.; Raymond James/Morgan Keegan; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC.

The 2012B-1 bonds are due 2021 to 2023 with a term bond due in 2028. The 2012B-2 bonds are due 2013 to 2023 with term bonds due in 2027, 2032 and 2043. The 2012B-3 bonds are due 2013 to 2021.

Proceeds will be used to fund mortgage loans and refund existing debt that was issued to finance mortgage loans.

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