Dasny to sell $58.01 million bonds for North Shore-Long Island Jewish

By Sheri Kasprzak

New York, Aug. 24 - The Dormitory Authority of the State of New York plans to price $58.01 million in series 2009E revenue bonds for the North Shore-Long Island Jewish Obligated Group, according to a preliminary official statement.

The bonds (Baa1/A-/A-) will be sold on a negotiated basis through lead managers Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc.

The maturities for the bonds have not been set.

Proceeds will be used to finance the cancellation of the obligated group's series 2007B bonds, as well as to fund the termination of a swap agreement.

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