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Published on 10/8/2013 in the Prospect News Municipals Daily.

Virginia Housing Development plans $101.91 million mortgage bond deal

By Sheri Kasprzak

New York, Oct. 8 - The Virginia Housing Development Authority is expected to price $101,914,483 of series 2013C taxable pass-through commonwealth mortgage bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold through BofA Merrill Lynch. The co-managers are BB&T Capital Markets LLC, Davenport & Co. LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC.

The bonds are due Oct. 25, 2043.

Proceeds will be used to finance mortgage loans.


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