By Sheri Kasprzak
New York, Aug. 19 – The New York State Housing Finance Agency sold $55 million of series 2014 housing revenue bonds, according to an official statement.
The deal included $27 million of series 2014A-1 bonds, $13 million of series 2014A-2 bonds and $15 million of series 2014B taxable bonds.
All of the bonds (A2/VMIG 1) are due May 1, 2046 and bear interest at the weekly rate.
Wells Fargo Securities LLC was the underwriter for the 2014A-1 and 2014B bonds, and Manufacturers and Traders Trust Co. was the underwriter for the 2014A-2 bonds.
Proceeds will be used to refinance a portion of a mortgage loan used to finance a multifamily rental housing development at 175 West 60th Street in Manhattan.
| Issuer: | New York State Housing Finance Agency
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| Issue: | Series 2014 housing revenue bonds
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| Amount: | $55 million
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| Maturity: | May 1, 2046
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| Coupon: | Weekly
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| Price: | 100
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| Rating: | Moody’s: A2/VMIG 1
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 26
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