New Issue: Virginia Housing prices $101.35 million of taxable commonwealth bonds

By Sheri Kasprzak

New York, April 25 - The Virginia Housing Development Authority sold $101,353,821 of series 2013B taxable commonwealth mortgage bonds, according to a pricing sheet.

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

The bonds are due April 25, 2042, and have a 2.75% coupon priced at par.

Proceeds will be used to make individual mortgage loans to qualified Virginians.

Issuer:	Virginia Housing Development Authority
Issue:	Series 2013B taxable commonwealth mortgage bonds
Amount:	$101,353,820
Maturity:	April 25, 2042
Coupon:	2.75%
Price:	100
Type:	Negotiated
Underwriters:	BofA Merrill Lynch (lead), BB&T Capital Markets and Morgan Stanley & Co. LLC (co-managers)
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Pricing date:	April 25
Settlement date:	May 21

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