The Connecticut Housing Finance Authority closed two bond sales on Nov. 3, and was able to make a third through a complicated maneuver.

The combined deals totaled $380 million — two under the new-issue bond program, and another after Citi agreed to pricing on $45 million of planned amortization class bonds.

Taken together, the first two deals will enable the agency to make an estimated $202 million of single-family mortgages at 3.5% and still realize the maximum full-spread earnings the Internal Revenue Service allows, according to John Craford, the CHFA's executive vice president for finance and administration.

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