South Carolina to Sell $178M in Mortgage Revenue Bonds For Single-Family Residences

Dow Jones

2025/05/03

By Chris Wack

The South Carolina State Housing Finance and Development Authority is selling $178 million of mortgage revenue bonds, with proceeds being used to finance mortgage loans for single-family residences in the state.

The Series 2025 B bonds are also being used to fund the bond reserve requirement and certain other funds and accounts, according to documents posted Friday on MuniOS.

The Non-AMT Series 2025 B bonds are special obligations of the authority, payable solely from the money, income and receipts of the authority.

The authority was created in 1971 to investigate housing conditions; to buy, own and lease personal property; and build, rebuild and operate housing developments, among other things.

Interest on the bonds will be payable semi-annually beginning Jan. 1, 2026. The bonds mature from 2026 through 2055. Interest and yields have not been set.

Moody's has given the bonds a rating of Aaa.

BofA Securities is lead manager for the offering.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

May 02, 2025 12:58 ET (16:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The bonds mature from 2026 through 2055. Interest and yields have not been set. \n\n\n  Moody's has given the bonds a rating of Aaa. \n\n\n  BofA Securities is lead manager for the offering. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 02, 2025 12:58 ET (16:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}