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Ohio Housing Finance Agency to sell $125 million residential mortgage revenue bonds
By Sheri Kasprzak
New York, June 5 - The Ohio Housing Finance Agency plans to price $125 million in series 2008 residential mortgage revenue bonds, according to a preliminary official statement.
The bonds (Aaa/VMIG1) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager. Goldman is the sole manager for the series 2008E bonds. The co-managers are Citigroup Global Markets, George K. Baum & Co., Lehman Brothers, Butler Wick & Co., Fifth Third Securities, KeyBanc Capital Markets, Merrill Lynch, NatCity Investments and SBK-Brooks Investment Corp.
The sale includes $80 million in series 2008D bonds and $45 million in series 2008E bonds. The series 2008D bonds are due from 2010 to 2018 with term bonds due 2023, 2028 and 2031. The 2008E bonds are term bonds due 2039.
The sale is expected to take place in June, but no exact pricing date could be determined by press time.
Proceeds will be used for down payment assistance grants and a deposit to an acquisition account.
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