CHICAGO — The Ohio Housing Finance Agency will take institutional orders Thursday on $130 million of mortgage revenue bonds offered under the federal new issue bond program, marking the agency’s first — and likely its only — new-money transaction of the year.
The agency took retail orders Wednesday. The issue included $36 million of serial bonds with maturities under 10 years, a structure meant to attract retail buyers. The OHFA plans to refund $90.6 million of variable-rate debt next week, keeping it variable while shifting it from taxable to tax-exempt. JPMorgan is underwriter.