Dasny to sell $96.46 million Mount Sinai School of Medicine bonds

By Sheri Kasprzak

New York, Nov. 1 - The Dormitory Authority of the State of New York is set to price $96.46 million of series 2010A revenue bonds for the Mount Sinai School of Medicine of New York University, according to a preliminary official statement.

The bonds (A3/A-/) will be sold on a negotiated basis with Goldman Sachs & Co. as the senior manager. The co-managers are J.P. Morgan Securities LLC and Jackson Securities Inc.

The bonds are due 2011 to 2021.

Proceeds will be used to refund the school's series 1994A revenue bonds.

Based in Albany, N.Y., the authority provides financing to nonprofit and corporate organizations, including schools and hospitals. The university is based in New York City.

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