Connecticut Housing markets $145 million mortgage finance bonds

By Cristal Cody

Tupelo, Miss., Feb. 2 – The Connecticut Housing Finance Authority plans to price $145 million of housing mortgage finance program bonds (Aaa/AAA), according to a preliminary official statement.

The deal includes $100,455,000 of subseries A-1 bonds and $44,545,000 of subseries A-2 bonds.

The A-1 bonds have term maturities due Nov. 15, 2026; Nov. 15, 2030; Nov. 15, 2035; May 15, 2040; and Nov. 15, 2045.

The A-2 bonds have maturities from Nov. 15, 2016 through Nov. 15, 2026.

The managers of the negotiated sale are BofA Merrill Lynch; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; RBC Capital Markets, LLC; Barclays; Citigroup Global Markets Inc.; Drexel Hamilton, LLC; Fidelity Capital Markets; Janney Montgomery Scott LLC; Ramirez & Co., Inc.; Raymond James; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities, LLC.

Proceeds will be used to refund outstanding bonds and for the financing of permanent home mortgage loans.

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