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Ohio Housing to bring $50 million postponed sale to market Thursday
By Sheri Kasprzak
New York, Jan. 12 - The Ohio Housing Finance Agency plans to move forward with its previously announced $50 million in residential mortgage revenue bonds, according to a sales calendar.
The offering will now price Thursday after being postponed in mid-December due to difficult market conditions.
The bonds (Aaa/VMIG1) have been re-designated as series 2009A residential mortgage revenue bonds and will price on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.
The co-managers are George K. Baum & Co.; Goldman, Sachs & Co.; Barclays Capital; Butler Wick & Co.; Fifth Third Securities; KeyBanc Capital Markets; Merrill Lynch & Co.; NatCity Investments; and SBK-Brooks Investment Corp.
The bonds are due 2010 to 2018 with term bonds due 2023, 2028, 2033 and 2039.
Proceeds will be used for mortgage loans to low- and moderate-income individuals and families.
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