Virginia Housing plans $400.55 million sale of taxable mortgage bonds

By Sheri Kasprzak

New York, Feb. 26 - The Virginia Housing Development Authority plans to price $400,547,219 of series 2013 taxable homeownership mortgage bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Raymond James/Morgan Keegan and Wells Fargo Securities LLC as the senior managers.

The bonds are due Aug. 25, 2042.

Proceeds will be used to finance mortgage loans to qualified Virginia residents.

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