Dasny green lights Fordham University bond sale for up to $50 million

By Sheri Kasprzak

New York, Feb. 29 - The Dormitory Authority of the State of New York has approved the sale of fixed-rate tax-exempt bonds in one or more series for Fordham University, according to a statement released by the authority Wednesday.

The maturities for the bonds will not exceed 22 years.

Bank of America Merrill Lynch will be the senior manager for the offering.

Proceeds will be used to refund the university's series 1998 revenue bonds and its series 2002 revenue bonds.

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