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Virginia Housing Development preps $230 million sale of mortgage bonds
By Sheri Kasprzak
New York, Nov. 16 - The Virginia Housing Development Authority is set to price $230 million of series 2012 commonwealth mortgage bonds, according to a preliminary official statement. Pricing is scheduled for Nov. 29.
The deal includes $74.49 million of series 2012A non-AMT bonds, $47.34 million of series 2012B AMT bonds and $108.17 million of series 2012C-1 non-AMT bonds.
The bonds (Aaa/AAA/) will be sold competitively.
The maturities have not been set.
Proceeds will be used to finance single-family mortgage loans.
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