Alaska Housing Finance set to price $161.74 million in revenue bonds

By Sheri Kasprzak

New York, July 29 - The Alaska Housing Finance Corp. is gearing up to price $161.74 million in series 2009 home mortgage revenue bonds, according to a preliminary official statement. Pricing is expected for August.

The sale includes $80.87 million in series 2009C fixed-rate bonds and $80.87 million in series 2009D variable-rate bonds.

The bonds will be sold through lead manager Merrill Lynch & Co. Inc. The co-managers are Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., and Siebert Brandford Shank & Co. LLC.

The 2009C bonds are due 2010 to 2019 with term bonds due 2024, 2029, 2034 and 2039. The 2009D bonds are due 2040.

Proceeds will be used to make single-family mortgage loans.

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