New Issue: Virginia Housing sells $107.33 million in mortgage bonds with 0.65%-4.1% yields

By Sheri Kasprzak

New York, Jan. 28 - The Virginia Housing Development Authority priced $107.33 million in series 2010A non-AMT mortgage bonds on Thursday, according to a pricing sheet.

The bonds (Aa1/AA+/) were sold through Morgan Keegan & Co. Inc. The co-managers were 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 with 0.65% to 4.1% coupons, all priced at par.

Proceeds will be used to fund mortgage loans.

Issuer:	Virginia Housing Development Authority
Issue:	Series 2010A non-AMT mortgage bonds
Amount:	$107.33 million
Type:	Negotiated
Underwriters:	Morgan Keegan & Co. Inc. (lead), BB&T Capital Markets Inc., Davenport & Co. LLC, Merrill Lynch & Co., Raymond James & Associates Inc. and Wells Fargo Securities Inc. (co-managers)
Ratings:	Moody's: Aa1
	Standard & Poor's: AA+
Pricing date:	Jan. 28
Settlement date:	Feb. 10
Maturity	Type	Coupon	Price
2011	Serial	0.65%	100
2011	Serial	0.75%	100
2012	Serial	1.15%	100
2012	Serial	1.25%	100
2013	Serial	1.6%	100
2013	Serial	1.65%	100
2014	Serial	2%	100
2014	Serial	2.1%	100
2015	Serial	2.5%	100
2015	Serial	2.55%	100
2016	Serial	3%	100
2016	Serial	3.1%	100
2017	Serial	3.3%	100
2017	Serial	3.4%	100
2018	Serial	3.65%	100
2018	Serial	3.7%	100
2019	Serial	3.9%	100
2019	Serial	3.9%	100
2020	Serial	4%	100
2020	Serial	4%	100
2021	Serial	4.1%	100
2021	Serial	4.1%	100

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