Dasny to price $460 million bonds for New York University Wednesday

By Sheri Kasprzak

New York, Nov. 2 - The Dormitory Authority of the State of New York is scheduled to price $460 million in series 2009 revenue bonds for New York University on Wednesday, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold through senior manager Morgan Stanley & Co. Inc. The co-managers are J.P. Morgan Securities Inc., Merrill Lynch & Co., Barclays Capital Inc., Citigroup Global Markets Inc., Duncan-Williams Inc., Goldman, Sachs & Co., Jefferies & Co., Loop Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and Wachovia Bank N.A.

The sale includes $400 million in series 2009A bonds and $60 million in series 2009B bonds.

The 2009A bonds are due 2015 to 2029 with a term bond due 2039. The 2009B bonds are due 2015 to 2029 with a term bond due 2039.

Proceeds will be used to renovate and equip an academic building to house the mathematics and computer science programs, to renovate an academic building to house the linguistics program, to reconstruct the biological sciences building, and to renovate the school bookstore and a mixed-use building.

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