Thornburg Mortgage starts roadshow for $150 million 10-year bonds

By Paul A. Harris

St. Louis, April 29 - Thornburg Mortgage Inc. began the roadshow Tuesday for a $150 million offering of senior notes due 2013, according to an informed source.

The deal is expected to price late in the week of May 5, the source added.

Credit Suisse First Boston is the bookrunner for the Rule 144A offering.

Proceeds will be used primarily to fund loans originated by the company and to purchase additional adjustable-rate mortgage securities.

The single family residential mortgage lender is based in Santa Fe, N.M.

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