Published on 11/24/2014 in the Prospect News Municipals Daily.
New Issue: Virginia Housing Development prices $120.39 million mortgage bonds
By Sheri Kasprzak
New York, Nov. 24 – The Virginia Housing Development Authority sold $120,389,857 of series 2014A taxable commonwealth mortgage bonds, according to a pricing sheet.
The bonds (Aaa/AAA/) were sold through BofA Merrill Lynch.
The bonds are due Oct. 25, 2037 and have a 3.5% coupon priced at par.
Proceeds will be used to redeem outstanding bonds.
Issuer: | Virginia Housing Development Authority
|
Issue: | Series 2014A taxable commonwealth mortgage bonds
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Amount: | $120,389,857
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Maturity: | Oct. 25, 2037
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Coupon: | 3.5%
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Price: | 100
|
Type: | Negotiated
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Underwriters: | BofA Merrill Lynch (lead), Raymond James & Associates Inc. and Wells Fargo Securities LLC (co-managers)
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Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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Pricing date: | Nov. 20
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Settlement date: | Dec. 11
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