New Issue: Virginia Housing prices $150.11 million of commonwealth mortgage bonds

By Sheri Kasprzak

New York, June 2 – The Virginia Housing Development Authority priced $150,111,134 of series 2016A taxable commonwealth mortgage bonds, according to a pricing sheet.

The bonds (Aaa/AAA) were sold through lead manager BofA Merrill Lynch and co-managers Raymond James/Morgan Keegan and Wells Fargo Securities LLC.

The bonds are due June 25, 2041 and bear interest at 3.1% priced at par.

Proceeds will be used to finance mortgage loans.

Issuer:	Virginia Housing Development Authority
Issue:	Series 2016A taxable commonwealth mortgage bonds
Amount:	$150,111,134
Maturity:	June 25, 2041
Coupon:	3.1%
Price:	100
Type:	Negotiated
Underwriters:	BofA Merrill Lynch (lead), Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers)
Ratings:	Moody’s: Aaa
	S&P: AAA
Pricing date:	May 24
Settlement date:	June 9

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