New Issue: Virginia Housing Development offers up $140.93 million of taxable bonds

By Sheri Kasprzak

New York, Oct. 29 – The Virginia Housing Development Authority sold $140,928,878 of series 2015A taxable commonwealth mortgage bonds, according to a pricing sheet. The deal was upsized from $100,669,099.

The bonds (Aaa/AAA/) were sold through senior manager Wells Fargo Securities LLC.

The bonds are due Sept. 25, 2038 and have a 3.25% coupon priced at par.

Proceeds will be used to redeem outstanding bonds.

Issuer:	Virginia Housing Development Authority
Issue:	Series 2015A taxable commonwealth mortgage bonds
Amount:	$140,928,878
Maturity:	Sept. 25, 2038
Coupon:	3.25%
Price:	100
Type:	Negotiated
Underwriters:	Wells Fargo Securities LLC (lead), BofA Merrill Lynch and Raymond James/Morgan Keegan (co-managers)
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AAA
Pricing date:	Oct. 29
Settlement date:	Nov. 10

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