By Stephen Nakrosis


The Colorado Housing and Finance Authority will sell $65.3 million of municipal bonds to finance construction of a rental housing facility in Arvada, the seventh-most populous city in the state.

The offering will consist of $55.79 million of Class I 2025 Series E-1 bonds and $9.5 million of Class I 2025 Series E-2 debt, according to a preliminary official statement posted Thursday on MuniOS.

A date of sale for the bonds wasn't provided. The securities are scheduled for delivery on or about Feb. 6.

The Series E-1 will be comprised of serial and term bonds, with the former maturing from April 2029 through October 2037, and the latter from 2040 through 2068. The Series E-2 debt is comprised of a single term bond maturing in October 2029.

Proceeds from the offering will be used to finance the acquisition, construction and equipping of the Marshall Pointe Housing Facility, a 260-unit residential facility that is expected to cost about $128 million.

The bonds are an obligation of the authority, and don't constitute an obligation or liability of the state.

Moody's and S&P Global Ratings assigned the debt ratings of Aaa and AAA, respectively.

Jefferies is lead manager on the sale.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

01-24-25 1848ET