Dasny approves up to $75 million Teachers College series 2012 bonds

By Sheri Kasprzak

New York, Feb. 29 - The Dormitory Authority of the State of New York is expected to price up to $75 million of fixed- or variable-rate series 2012 bonds for Teachers College, according to a statement from the authority.

The bonds will be sold on a negotiated basis. The lead manager has not been named.

The maturity will not exceed 30 years.

Proceeds will be used to refund the authority's MBIA-insured series 2002 bonds, as well as to renovate the college's Bancroft Hall, an eight-story, 108-unit residence hall.

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