Dasny coordinates $117.29 million school districts revenue bond sale

By Sheri Kasprzak

New York, May 16 - The Dormitory Authority of the State of New York is set to price $117,285,000 of series 2013 school districts revenue bond financing program revenue bonds, according to a preliminary official statement.

The deal includes $35.32 million of series 2013A bonds (/A+/A+), $7,725,000 of series 2013B bonds (/AA/A+), $27.97 million of series 2013C bonds (/AA-/A+), $6.33 million of series 2013D bonds (Aa3//A+) and $39.94 million of series 2013E bonds (/A+/A+)

The bonds will be sold through senior managers Raymond James/Morgan Keegan and Roosevelt & Cross Inc. The co-managers are Jefferies & Co., M.R. Beal & Co., Ramirez & Co. Inc. and RBC Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to finance school district and school facility improvements, as well as to refinance bond anticipation notes.

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