Delaware Housing Authority to sell $60.63 million revenue bonds Tuesday

By Sheri Kasprzak

New York, June 9 - The Delaware Housing Authority plans to sell $60.63 million in series 2008A senior single-family mortgage revenue bonds on Tuesday, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with George K. Baum as the senior manager. The co-managers are Banc of America Securities LLC, Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Merrill Lynch.

The bonds are due 2010 to 2018 with term bonds due 2023, 2028, 2039 and 2039.

Proceeds will be used to purchase mortgage securities to finance single-family residential housing and to refund outstanding bonds.

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