$150 million in bonds issued
During FY17, AHFC issued $150 million of long-term debt to refund higher cost debt, reduce debt service payments, and continue its lending programs.
The table below presents additional information relating to long-term debt issued by AHFC in FY17:
|Bond Issue Title & Amount||Ratings
S&P / Moody's / Fitch
|Date Issued||Program Purpose||Tax Status|
|$50,000,000 Collateralized Bonds (Veterans Mortgage Program) 2016 First and Second Series||AAA/AAA/NR||07/27/2016||Debt Refunding/New Money||Tax-Exempt|
|$100,000,000 General Mortgage Revenue Bond 20116 Series A||AA+/NR/AA+||08/24/2016||New Money||Tax-Exempt|
During FY17 AHFC achieved approximately $6.7 million of net present value debt service savings from debt refunding.