By Sheri Kasprzak
New York, Jan. 15 - The California Housing Finance Agency priced $102 million in bonds Tuesday.
A source familiar with the issue said the series 2008A bonds (Aa2/AA-) priced in a serial structure with maturities from February 2009 through February 2018 and coupons from 3% in 2009 to 4.35% in 2018.
The source said the bonds were still being worked on Tuesday afternoon and that some terms may be changed over the next day. The terms on the series 2008B bonds, with maturities in 2023, 2028 and 2041, were unavailable Tuesday afternoon. The B series of bonds is expected to price with a principal amount of $48 million.
The bonds, the source said, priced at par, as suggested by price talk from Monday.
Goldman, Sachs & Co. is lead manager.
| Issuer: | California Housing Finance Agency
|
| Issue: | Bonds
|
| Amount: | $102 million
|
| Maturities: | 2009 through 2018
|
| Coupon: | 3% for 2009; 4.35% for 2018
|
| Price: | Par
|
| Yields: | From 3% in 2009 through 4.35% in 2018
|
| Underwriter: | Goldman, Sachs & Co. (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Pricing date: | Jan. 15
|
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