Virginia Housing to price $107.33 million mortgage bonds Thursday

By Sheri Kasprzak

New York, Jan. 22 - The Virginia Housing Development Authority plans to bring to market $107.33 million in series 2010A non-AMT mortgage bonds on Thursday, according to a calendar of upcoming deals.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Morgan Keegan & Co. Inc. as the lead manager. The co-managers will be BB&T Capital Markets Inc., Davenport & Co. LLC, Merrill Lynch & Co., Raymond James & Associates Inc. and Wells Fargo Securities Inc.

The bonds are due 2011 to 2021.

Proceeds will be used to fund mortgage loans.

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