Connecticut Housing Finance to price $176.48 million of mortgage bonds

By Sheri Kasprzak

New York, Oct. 7 - The Connecticut Housing Finance Authority plans to price $176,475,000 of series 2013B housing mortgage program bonds during the week of Oct. 7, according to a preliminary official statement.

The deal includes $29,865,000 of series 2013B-1 bonds, $127,775,000 of series 2013B-2 bonds, $18,055,000 of series 2013B-3 AMT bonds and $780,000 of series 2013B-4 AMT bonds.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. The co-managers are Barclays, Janney Montgomery Scott LLC, Jefferies & Co., M.R. Beal & Co., Raymond James/Morgan Keegan, Ramirez & Co., RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc. and Wells Fargo Securities LLC.

The 2013B-1 bonds are due 2015 to 2021 and the 2013B-2 bonds are due 2021 to 2023 with term bonds due in 2028 and 2033. The 2013B-3 bonds are due 2014 to 2018 and the 2013B-4 bonds are due 2014 to 2021.

Proceeds will be used to refund existing mortgage bonds.

© 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.