New Issue: Virginia Housing Development prices $101.92 million of mortgage bonds

By Sheri Kasprzak

New York, Oct. 17 - The Virginia Housing Development Authority sold $101,914,483 of series 2013C taxable pass-through commonwealth mortgage bonds, according to a pricing sheet.

The bonds (Aaa/AAA/) were sold through BofA Merrill Lynch.

The bonds are due Oct. 25, 2043 and have a 4.25% coupon priced at par.

Proceeds will be used to finance mortgage loans.

Issuer:	Virginia Housing Development Authority
Issue:	Series 2013C pass-through commonwealth mortgage bonds
Amount:	$101,914,483
Maturity:	Oct. 25, 2043
Coupon:	4.25%
Price:	100
Type:	Negotiated
Underwriters:	BofA Merrill Lynch (lead), BB&T Capital Markets LLC, Davenport & Co. LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers)
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Pricing date:	Oct. 17
Settlement date:	Oct. 24

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