The North Carolina
The $1.25 billion HFA homeownership revenue bonds are rated Aa1 by Moody's and AA-plus by S&P.
Managers will be BofA Securities, Morgan Stanley, Raymond James & Associates, RBC Capital Markets, and Wells Fargo Bank, with no lead manager yet named.
Caine Mitter & Associates is the municipal advisor.
The bond proceeds will be used primarily for the purchase of mortgage loans and other obligations, including mortgage-backed securities made for the purpose of assisting in providing homeownership for low- and moderate-income households, and to refund bonds previously issued by the agency.
ECU plans to offer $658.12 million of bonds through the North Carolina Medical Care Commission on or about Sept. 15.
Proceeds will be used to refund all or a portion of the NCMCC
The sale will be comprised of $533 million in Series 2026A and $125 million of Series 2026B bonds, the latter of which will be tied to the SIFMA index.
The bonds are rated A2 by Moody's Ratings and A by S&P Global Ratings.
BofA Securities is the senior underwriter on the Series 2026A. Bank of America will purchase the Series 2026B bonds. Kaufman, Hall & Associates is the municipal advisor.
Both series are expected to have final maturities in 2056.
CaroMont Health will also issue its bonds — $252.6 million of Series 2026A bonds and $91 million of Series 2026B bonds — through the NCMCC, with proceeds used to refund all or a portion of Series 2003 bonds, Series 2019 bonds and Series 2021B bonds and cover the costs of constructing a 120,000-square-foot cancer center and adjacent parking deck.
The bonds are rated AA-minus by S&P and Fitch Ratings.
Truist Securities is the lead underwriter and Kaufman Hall is the municipal advisor.
The bonds are expected to be sold in October with final maturities in February 2054.
