New Issue: Wisconsin Housing prices $42.78 million of downsized revenue bonds

By Sheri Kasprzak

New York, Dec. 17 - The Wisconsin Housing and Economic Development Authority sold $42.775 million of series 2010 housing revenue bonds, downsized from $63.91 million, according to a pricing sheet.

The offering includes $29.15 million of series 2010A non-AMT bonds and $13.625 million of series 2010B AMT bonds.

The 2010A bonds are due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2043. The serial coupons range from 0.625% to 4.5%. The 2025 bonds have a 4.875% coupon priced at par. The 2030 bonds have a 5.375% coupon priced at par. The 2035 bonds have a 5.625% coupon priced at 99.001, and the 2043 bonds have a 5.75% coupon priced at 99.

The 2010B bonds are due 2011 to 2021 with 1.625% to 6% coupons. The bonds also feature term bonds due 2025 and 2032. The 2025 bonds have a 5.75% coupon priced at 98.52, and the 2032 bonds have a 6.125% coupon priced at 99.099.

Bank of America Merrill Lynch was the senior manager with J.P. Morgan Securities LLC and RBC Capital Markets Corp. as the co-managers.

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

Issuer:	Wisconsin Housing and Economic Development Authority
Issue:	Series 2010 housing revenue bonds
Amount:	$42.775 million
Type:	Negotiated
Underwriters:	Bank of America Merrill Lynch (lead), J.P. Morgan Securities LLC and RBC Capital Markets Corp. (co-managers)
Pricing date:	Dec. 16
Settlement date:	Dec. 22
$29.15 million series 2010A
Amount	Maturity	Type	Coupon	Price
$25,000	2011	Serial	0.625%	100
$590,000	2011	Serial	0.75%	100
$45,000	2012	Serial	1.125%	100
$630,000	2012	Serial	1.25%	100
$2.81 million	2013	Serial	1.75%	100
$690,000	2013	Serial	2%	100
$145,000	2014	Serial	2.2%	100
$765,000	2014	Serial	5%	109.137
$150,000	2015	Serial	2.8%	100
$800,000	2015	Serial	2.95%	100
$860,000	2016	Serial	3.2%	100
$170,000	2016	Serial	5%	109.568
$170,000	2017	Serial	3.5%	100
$870,000	2017	Serial	3.7%	100
$180,000	2018	Serial	3.95%	100
$860,000	2018	Serial	3.95%	100
$190,000	2019	Serial	4.1%	100
$675,000	2019	Serial	4.1%	100
$200,000	2020	Serial	4.25%	100
$705,000	2020	Serial	4.25%	100
$220,000	2021	Serial	4.5%	100
$365,000	2021	Serial	4.5%	100
$2.635 million	2025	Term	4.875%	100
$3.645 million	2030	Term	5.375%	100
$3.795 million	2035	Term	5.625%	100
$6.96 million	2043	Term	5.75%	100
$13.625 million series 2010B
Amount	Maturity	Type	Coupon	Price
$600,000	2011	Serial	1.625%	100
$635,000	2012	Serial	2.5%	100
$675,000	2013	Serial	3%	100
$20,000	2014	Serial	3.125%	100
$730,000	2014	Serial	3.5%	100
$20,000	2015	Serial	3.75%	100
$775,000	2015	Serial	3.875%	100
$20,000	2016	Serial	4%	100
$800,000	2016	Serial	4.125%	100
$25,000	2017	Serial	4.375%	100
$800,000	2017	Serial	6%	108.76
$25,000	2018	Serial	4.875%	100
$800,000	2018	Serial	4.875%	100
$25,000	2019	Serial	5.25%	100
$765,000	2019	Serial	5.25%	100
$25,000	2020	Serial	5.375%	100
$780,000	2020	Serial	5.375%	100
$30,000	2021	Serial	5.5%	100
$545,000	2021	Serial	5.5%	100
$2.72 million	2025	Term	5.75%	98.52
$2.81 million	2032	Term	6.125%	99.099

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