The Massachusetts Housing Finance Agency has launched an investor relations website, MassHousingBonds.com, in advance of its $49 million sale of fixed- and floating-rate bonds on Sept. 13.
The new site is designed to drive participation in MassHousing’s municipal bond financing programs by improving investor outreach. The site also continues MassHousing’s efforts to enhance disclosure and transparency for investors.
The Sept. 13 deal will include federally taxable, AMT and non-AMT securities, secured by the single-family housing revenue bond resolution. S&P Global Ratings and Moody’s Investors Service and rate the bonds AA-plus and Aa1, respectively.
RBC Capital Markets is lead manager. Locke Lord LLP is bond counsel.
BondLink, a Boston-based financial technology company, supplies the investor platform.
“Our partnership with BondLink will bring a higher level of transparency to MassHousing and make it easier for investors to access information about the agency’s bond offerings,” said MassHousing Executive Director Chrystal Kornegay. “Affordable housing is the foundation of our economy and making our bond offerings more accessible will enhance MassHousing’s ability create home ownership and rental housing opportunities for residents across the commonwealth.”
MassHousingBonds.com is a corporate-style investor relations site, featuring more than 1,000 pages of data and documents detailing the credit fundamentals behind the agency’s credit ratings.
MassHousing, an independent, quasi-public agency created in 1966, provides financing for affordable housing across the commonwealth. The agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing.
Since its inception, MassHousing has provided more than $22.8 billion for affordable housing.
Chief executive Colin MacNaught and chief technology officer Carl Query founded BondLink two years ago. MacNaught is the former Massachusetts assistant treasurer for debt management.
BondLink’s clients include California, Chicago and the University of Texas.
Its top investors include Franklin Templeton Investments, one of the country’s largest municipal bond fund managers.