North Dakota Housing organizes $53.93 million sale of mortgage bonds

By Sheri Kasprzak

New York, Dec. 2 – The North Dakota Housing Finance Agency is set to price $53.93 million of series 2015A non-AMT housing finance program bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with RBC Capital Markets LLC and Morgan Stanley & Co. LLC as the senior managers and Northland Securities LLC and Isaak Bond Investments Inc.

The bonds are due 2015 to 2025 with term bonds due in 2030 and 2038.

Proceeds will be used to purchase or reimburse the agency for purchasing program loans.

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