Wisconsin Housing preps $63.91 million sale of housing revenue bonds

By Sheri Kasprzak

New York, Dec. 3 - The Wisconsin Housing and Economic Development Authority plans to price $63.91 million of series 2010 housing revenue bonds, according to a preliminary official statement.

The offering includes $39.53 million of series 2010A non-AMT bonds, $21.33 million of series 2010B AMT bonds and $3.05 million of series 2010C taxable bonds.

The bonds will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are J.P. Morgan Securities LLC and RBC Capital Markets Corp.

The 2010A bonds are due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2043. The 2010B bonds are due 2011 to 2021 with term bonds due 2025 and 2032. The 2010C bonds are due 2015, 2020 and 2027.

Proceeds will be used to fund mortgage loans secured by multifamily housing projects.

Located in Madison, Wis., the authority provides mortgage loans to individuals and sponsors of housing developments.

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