Dasny to price $51.7 million revenue bonds for Teachers College

By Sheri Kasprzak

New York, Jan. 9 - The Dormitory Authority of the State of New York is planning to sell $51.695 million in series 2009 revenue bonds for Teachers College, according to a preliminary official statement.

The bonds (A1) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. and Ramirez & Co. as the senior managers.

The offering is set to price in January, but no exact pricing date could be determined Friday.

The college plans to use the proceeds to redeem its outstanding 2007 bonds and to construct a dormitory.

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