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Dasny expected to bring to market $260 million of lease revenue bonds
By Sheri Kasprzak
New York, June 16 - The Dormitory Authority of the State of New York is gearing up to issue $260 million of series 2011A state university dormitory facilities lease revenue bonds, according to a preliminary official statement.
The bonds (Aa2//AA-) will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC and Ramirez & Co. Inc. as the senior managers. The co-managers are Cabrera Capital Markets LLC; Fidelity Capital Markets Inc.; Goldman Sachs & Co.; Morgan Stanley & Co. Inc.; Prager, Sealy & Co. LLC; Raymond James & Associates Inc.; Southwest Securities Inc.; and Stone & Youngberg.
The maturities have not been set.
Proceeds will be used to construct, repair, renovate and equip student dormitory facilities at state universities.
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