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Dasny coordinates $250 million sale of SUNY dormitory facilities bonds
By Sheri Kasprzak
New York, Nov. 30 – The Dormitory Authority of the State of New York is on tap to price $250 million of series 2015B dormitory facilities revenue bonds for the State University of New York on Wednesday, according to a preliminary official statement.
The bonds (Aa3//A+) will be sold on a negotiated basis with BofA Merrill Lynch and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are Cabrera Capital Markets LLC, Fidelity Capital Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan, Rice Financial Products Co., Roosevelt & Cross Inc. and Wells Fargo Securities LLC.
The bonds are due 2016 to 2023.
Proceeds will be used to fund capital projects involving the construction and rehabilitation of dormitory facilities on various SUNY campuses and to refund the authority’s series 2007, 2008A and 2009A bonds.
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