Kentucky Housing organizes $100.69 million offering of housing bonds

By Sheri Kasprzak

New York, June 3 - The Kentucky Housing Corp. plans to sell $100,685,000 of series 2013 housing revenue bonds, according to a preliminary official statement.

The offering includes $36.47 million of series 2013C taxable bonds, $48,925,000 of series 2013D non-AMT bonds, $7.59 million of series 2013E non-AMT bonds, $2.2 million of series 2013F AMT bonds and $5.5 million of series 2013G non-AMT bonds.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and BofA Merrill Lynch as the lead managers. The co-managers are J.J.B. Hilliard, W.L. Lyons LLC, PNC Capital Markets LLC, Raymond James/Morgan Keegan, Stifel, Nicolaus & Co. Inc., Edward D. Jones & Co. LP, First Kentucky Securities Corp., Sterne, Agee & Leach Inc. and Ross, Sinclaire & Associates LLC.

The 2013C bonds are due 2014 to 2023. The 2103D bonds are due 2023, 2028 and 2033. The 2013E bonds are due 2016 to 2023. The 2013F bonds are due 2014 to 2016. The 2013G bonds are due 2023, 2028, 2033, 2038 and 2043.

Proceeds will be used to finance housing for low- to moderate-income families residing in the state.

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