Published on 12/13/2012 in the Prospect News Municipals Daily.
New Issue: New York State Housing prices $91.03 million of affordable housing bonds
By Sheri Kasprzak
New York, Dec. 13 - The New York State Housing Finance Agency priced $91,025,000 of series 2012F affordable housing revenue bonds, according to a pricing sheet.
The bonds were sold through Ramirez & Co. Inc. and J.P. Morgan Securities LLC.
The bonds are due 2013 to 2023 with term bonds due in 2027, 2032, 2037, 2042 and 2048. The serial coupons range from 0.4% to 2.6%, all priced at par. The 2027 bonds have a 3.05% coupon, the 2032 bonds have a 3.45% coupon and the 2037 bonds have a 3.75% coupon, all priced at par. The 2042 bonds have a 3.85% coupon and the 2048 have a 4.1% coupon, both priced at par.
Proceeds will be used to make five mortgage loans to construct and rehabilitate affordable housing units.
| Issuer: | New York State Housing Finance Agency
|
| Issue: | Series 2012F affordable housing revenue bonds
|
| Amount: | $91,025,000
|
| Type: | Negotiated
|
| Underwriters: | Ramirez & Co. Inc. and J.P. Morgan Securities LLC (lead), Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $305,000 | 2013 | Serial | 0.40% | 100
|
| $390,000 | 2013 | Serial | 0.45% | 100
|
| $400,000 | 2014 | Serial | 0.55% | 100
|
| $575,000 | 2014 | Serial | 0.65% | 100
|
| $675,000 | 2015 | Serial | 0.75% | 100
|
| $9.25 million | 2015 | Serial | 0.75% | 100
|
| $3.4 million | 2015 | Serial | 0.80% | 100
|
| $710,000 | 2015 | Serial | 0.85% | 100
|
| $5.2 million | 2015 | Serial | 0.875% | 100
|
| $8.7 million | 2016 | Serial | 0.95% | 100
|
| $720,000 | 2016 | Serial | 1.05% | 100
|
| $715,000 | 2016 | Serial | 1.20% | 100
|
| $435,000 | 2017 | Serial | 1.35% | 100
|
| $455,000 | 2017 | Serial | 1.45% | 100
|
| $470,000 | 2018 | Serial | 1.55% | 100
|
| $475,000 | 2018 | Serial | 1.65% | 100
|
| $485,000 | 2019 | Serial | 1.75% | 100
|
| $500,000 | 2019 | Serial | 1.85% | 100
|
| $510,000 | 2020 | Serial | 2.00% | 100
|
| $525,000 | 2020 | Serial | 2.05% | 100
|
| $540,000 | 2021 | Serial | 2.30% | 100
|
| $555,000 | 2021 | Serial | 2.30% | 100
|
| $555,000 | 2022 | Serial | 2.45% | 100
|
| $575,000 | 2022 | Serial | 2.45% | 100
|
| $600,000 | 2023 | Serial | 2.60% | 100
|
| $600,000 | 2023 | Serial | 2.60% | 100
|
| $5,445,000 | 2027 | Term | 3.05% | 100
|
| $8,485,000 | 2032 | Term | 3.45% | 100
|
| $10,885,000 | 2037 | Term | 3.75% | 100
|
| $13,945,000 | 2042 | Term | 3.85% | 100
|
| $14.42 million | 2048 | Term | 4.10% | 100
|
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