New York Municipal Bond Bank to sell $281.19 million of school bonds

By Sheri Kasprzak

New York, Sept. 18 - The State of New York Municipal Bond Bank Agency is set to price $281.19 million of series 2012A special school purpose revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Citigroup Global Markets Inc., Jefferies & Co. Inc., Morgan Stanley & Co. LLC, M.R. Beal & Co. Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2014 to 2022.

Proceeds will be used to advance refund the agency's series 2003C special school purpose revenue bonds issued on behalf of New York City.

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