Nebraska Investment Finance Authority to price $50 million single family bonds on Valentine's Day

By Cristal Cody

Springdale, Ark., Feb. 8 - Nebraska Investment Finance Authority plans to price $50 million of single family housing revenue bonds on Feb. 14.

The series 2008 A fixed-rate bonds will have serial maturities from 2009 to 2018 with term bonds in 2028 and 2039. The series 2008 B floating-rate bonds mature in 2038.

Closing is expected by Feb. 28, Judy Krasomil, the authority's treasurer, said in an interview.

Lehman Brothers is the senior manager, with co-managers Ameritas Investment Corp., Citi and D.A. Davidson & Co.

Proceeds will be used to refund prior series bonds and to purchase and finance mortgage loans and mortgage-backed securities in Nebraska.

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