Maryland Housing and Community Development to sell $52.51 million deal

By Sheri Kasprzak

New York, June 28 - The Maryland Housing and Community Development Administration plans to price $52.51 million of series 2013 housing revenue bonds, the issuer disclosed in a preliminary official statement.

The deal includes $11,915,000 of series 2013B non-AMT bonds and $40,595,000 of series 2013C AMT bonds.

RBC Capital Markets LLC is the senior manager for the bonds with BofA Merrill Lynch and J.P. Morgan Securities LLC as the co-managers.

The 2013B bonds are due 2015 to 2024 with term bonds due in 2015, 2028, 2033, 2038, 2043 and 2055.

The 2013C bonds are due 2014 to 2024 with term bonds due in 2028, 2033, 2038 and 2045.

Proceeds will be used to finance or refinance housing loans.

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