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Kentucky Housing to price $60 million revenue bonds Wednesday
By Sheri Kasprzak
New York, Sept. 9 - The Kentucky Housing Corp. will price its previously announced $60 million in series 2008E and 2008F revenue bonds Wednesday, said Walter Clare, the corporation's senior director for financial management.
The bonds will be sold through senior managers Merrill Lynch and Citigroup Global Markets. Co-managers are J.J.B. Hilliard, W.L. Lyons; NatCity Investments; Morgan Keegan; Wachovia Bank; J.P. Morgan Securities Inc.; Edward Jones; First Kentucky Securities; and Ross, Sinclaire & Associates.
The sale includes $50 million in series 2008E non-AMT bonds and $10 million in series 2008F AMT bonds. The 2008E bonds are due 2010 to 2018 with term bonds due 2023, 2028, 2033 and 2038. The 2008F bonds are due 2037.
Proceeds will be used to purchase mortgage loans and to make a deposit to a debt service reserve fund.
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