By Sheri Kasprzak
New York, Nov. 30 - The Virginia Housing Development Authority sold $230 million of series 2012 commonwealth mortgage bonds, according to a pricing sheet.
The deal included $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 2012A bonds are due 2018 to 2026 with 1.25% to 2.5% coupons, all priced at par.
The 2012B bonds are due 2014 to 2017 with 0.6% to 1.4% coupons, all priced at par.
The 2012C-1 bonds are due 2027 to 2034 with term bonds due in 2037 and 2039.
The bonds (Aaa/AAA/) were sold competitively.
Proceeds will be used to finance single-family mortgage loans.
| Issuer: | Virginia Housing Development Authority
|
| Issue: | Series 2012 commonwealth mortgage bonds
|
| Amount: | $230 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 20
|
|
|
| $74.49 million series 2012A non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.29 million | 2018 | Serial | 1.25% | 100
|
| $4.3 million | 2018 | Serial | 1.3% | 100
|
| $4.3 million | 2019 | Serial | 1.45% | 100
|
| $4.2 million | 2019 | Serial | 1.5% | 100
|
| $4.2 million | 2020 | Serial | 1.65% | 100
|
| $4.2 million | 2020 | Serial | 1.7% | 100
|
| $4.2 million | 2021 | Serial | 1.85% | 100
|
| $4.2 million | 2021 | Serial | 1.9% | 100
|
| $4.2 million | 2022 | Serial | 2.05% | 100
|
| $4 million | 2022 | Serial | 2.1% | 100
|
| $8 million | 2023 | Serial | 2.25% | 100
|
| $8 million | 2024 | Serial | 2.35% | 100
|
| $8 million | 2025 | Serial | 2.45% | 100
|
| $8.4 million | 2026 | Serial | 2.5% | 100
|
|
|
| $47.34 million series 2012B AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.8 million | 2014 | Serial | 0.6% | 100
|
| $4.5 million | 2014 | Serial | 0.65% | 100
|
| $5 million | 2015 | Serial | 0.85% | 100
|
| $5.5 million | 2015 | Serial | 0.95% | 100
|
| $6 million | 2016 | Serial | 1% | 100
|
| $7 million | 2016 | Serial | 1.1% | 100
|
| $7.5 million | 2017 | Serial | 1.3% | 100
|
| $8.04 million | 2017 | Serial | 1.4% | 100
|
|
|
| $108.17 million series 2012C-1 non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $8.37 million | 2027 | 2.6% | 2.6% | 100
|
| $8.3 million | 2028 | Serial | 2.65% | 100
|
| $8.3 million | 2029 | Serial | 2.7% | 100
|
| $8.2 million | 2030 | Serial | 2.75% | 100
|
| $8.4 million | 2031 | Serial | 2.8% | 100
|
| $8.6 million | 2032 | Serial | 2.85% | 100
|
| $8.4 million | 2033 | Serial | 2.9% | 100
|
| $8.4 million | 2034 | Serial | 3% | 100
|
| $20.6 million | 2037 | Term | 3.125% | 100
|
| $20.6 million | 2039 | Term | 3.25% | 100
|
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