Virginia Housing Development offers $120.3 million mortgage bonds

By Cristal Cody

Tupelo, Miss., Nov. 13 – The Virginia Housing Development Authority intends to bring $120,389,857 of series 2014A taxable commonwealth mortgage bonds due Oct. 25, 2037 (Aaa/AAA/), according to a preliminary official statement.

The bonds will price via a negotiated offering.

BofA Merrill Lynch is the lead manager. Raymond James & Associates, Inc. and Wells Fargo Securities LLC are the co-managers.

Proceeds from the offering will be used to redeem outstanding bonds.

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