Dasny preps $500 million sale of North Shore-Long Island Jewish bonds

By Sheri Kasprzak

New York, May 26 – The Dormitory Authority of the State of New York is set to price $500 million of series 2015A revenue bonds for the North Shore-Long Island Jewish Obligated Group, according to a preliminary official statement.

The bonds (A3/A-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The co-managers are Academy Securities Inc., BofA Merrill Lynch, Drexel Hamilton LLC, Fidelity Capital Markets LLC, FTN Financial Capital Markets, J.P. Morgan Securities LLC, Ramirez & Co. Inc., Rice Financial Products Co., TD Securities (USA) LLC, U.S. Bancorp Investment Corp. and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be loaned to North Shore-Long Island Jewish to finance capital projects and refund outstanding debt for the obligated group.

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