Dasny to potentially offer second tranche for NYU Hospitals bond deal

By Sheri Kasprzak

New York, Jan. 2 – The Dormitory Authority of the State of New York could price another tranche on its series 2014 revenue bonds sold for the NYU Hospitals Center back in November, according to an addendum to the original preliminary official statement.

The authority priced $77.7 million of revenue bonds for the center on Dec. 2 with serial maturities from 2017 to 2032 and a 2036 term bond. Coupons ranged from 2% to 5%, and yields ranged from 0.97% to 3.46%.

Although details of the prospective new tranche have not been released, Wells Fargo Securities LLC, BofA Merrill Lynch and J.P. Morgan Securities LLC were the underwriters for December’s deal.

Proceeds will refund Dasny’s series 2007A revenue bonds.

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