By Sheri Kasprzak
New York, May 17 - The Virginia Housing Development Authority sold $111.33 million of series 2013D taxable rental housing bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were purchased directly by the Teacher Insurance and Annuity Association of America. There were no underwriters.
The bonds are due June 1, 2043 and bear interest at 4.057% priced at par.
Proceeds will be used to redeem some outstanding bonds.
| Issuer: | Virginia Housing Development Authority
|
| Issue: | Series 2013D taxable rental housing bonds
|
| Amount: | $111.33 million
|
| Maturity: | June 1, 2043
|
| Coupon: | 4.057%
|
| Price: | 100
|
| Purchaser: | Teachers Insurance and Annuity Association of America
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | May 14
|
| Settlement date: | May 30
|
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