Dasny organizes $275.42 million State University of New York bond sale

By Sheri Kasprzak

New York, April 28 – The Dormitory Authority of the State of New York is set to price $275,415,000 of series 2015A dormitory facilities revenue bonds for the State University of New York, according to a preliminary official statement.

The bonds (Aa3/A+/A+) will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC and BofA Merrill Lynch as the senior managers. The co-managers are Cabrera Capital Markets LLC, Fidelity Capital Markets, Loop Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC, Oppenheimer & Co. LLC, Ramirez & Co. Inc., Roosevelt & Cross Inc., U.S. Bancorp Investments Inc. and The Williams Capital Group LP.

The maturities have not been set.

Proceeds will be used to refund the university system’s series 2003A, 2003C, 2004A, 2005A-C, 2006A and 2007 revenue bonds.

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