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Virginia Housing Development Authority to sell $72.92 million taxable housing bonds
By Sheri Kasprzak
New York, Feb. 4 - The Virginia Housing Development Authority is expected to sell $72.915 million in series 2009A taxable rental housing bonds, said a preliminary official statement released Wednesday.
The bonds (Aa1/AA+/) will be sold on a negotiated basis with Morgan Keegan & Co. Inc. as the senior manager. The co-managers are Banc of America Securities LLC, BB&T Capital Markets, Davenport & Co. LLC, Merrill Lynch & Co., Raymond James & Associates Inc. and Wachovia Bank.
The sale is expected for February, but no exact pricing date was available Wednesday.
Proceeds will be used for housing loans.
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