Dasny set to price $349.81 million state PIT revenue bonds Thursday

By Sheri Kasprzak

New York, Oct. 5 - The Dormitory Authority of the State of New York plans to sell $349.805 million in series 2009 state personal income tax revenue bonds on Thursday, according to a sales calendar.

The sale includes series 2009G bonds and series 2009H bonds, but the exact breakdown was not available Monday.

The offering will be sold through senior manager Goldman, Sachs & Co. The co-managers for the 2009G bonds are Citigroup Global Markets Inc., Merrill Lynch & Co. Inc. and M.R. Beal & Co. The co-managers for the 2009H bonds are Citi, Merrill Lynch, M.R. Beal, Morgan Keegan & Co. Inc., Rice Financial Products Co., Siebert Brandford Shank & Co. LLC and Wachovia Bank N.A.

The 2009G bonds are due 2010 to 2022 and the 2009H bonds are due 2039.

Proceeds will be used to fund capital projects and improvements for the City University of New York's community and senior college campuses.

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