Georgia Housing and Finance to sell $156.11 million of mortgage debt

By Sheri Kasprzak

New York, Feb. 11 - The Georgia Housing and Finance Authority is set to price $156.11 million of series 2014A single family mortgage bonds, according to a preliminary official statement.

The deal includes $78,435,000 of series 2014A-1 non-AMT bonds, $35.13 million of series 2014A-2 AMT bonds, $1.88 million of series 2014A-3 non-AMT bonds and $40,665,000 of series 2014A-4 non-AMT bonds.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and BofA Merrill Lynch as the senior managers. The co-managers are Edward D. Jones & Co. LP, George K. Baum & Co. and Morgan Stanley & Co. LLC.

The 2014A-1 bonds are due 2029, 2034, 2038 and 2044. The 2014A-2 bonds are due 2014 to 2024 with a term bond due in 2026. The 2014A-3 bonds are due 2014 to 2017 and 2024 with a term bond due in 2028. The 2014A-4 bonds are due 2017 to 2025.

Proceeds will be used to refund existing debt and to make mortgage loans to qualified Georgia residents.

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