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Published on 6/27/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Dasny defeases some series 2003A Columbia University revenue bonds

By Ashley Montgomery

Kansas City, Kan., June 2 - The Dormitory Authority of the State of New York has defeased portions of its series 2003A Columbia University revenue bonds, according to a notice.

The bonds due July 1 of 2012 and July 1, 2013 will be redeemed at maturity. The rest of the affected bonds will be redeemed early on July 1, 2013.

All of the bonds will be redeemed at par.

The following bonds are affected:

$3.63 million 5% bonds due July 1, 2012;

$1,435,000 3.8% bonds due July 1, 2013;

$2.38 million 5% bonds due July 1, 2013;

$1,615,000 5% bonds due July 1, 2014;

$2.35 million 5.125% bonds due July 1, 2014;

$625,000 4% bonds due July 1, 2015;

$3.56 million 5.125% bonds due July 1, 2015;

$475,000 4.1% bonds due July 1, 2016;

$3.92 million 5.125% bonds due July 1, 2016;

$4,615,000 5.125% bonds due July 1, 2017;

$4.85 million 5.125% bonds due July 1, 2018;

$5.1 million 5.125% bonds due July 1, 2019;

$5.34 million 5.125% bonds due July 1, 2020;

$5,635,000 5.125% bonds due July 1, 2021;

$5,925,000 5% bonds due July 1, 2022;

$6.22 million 5% bonds due July 1, 2023;

$570,000 4.7% bonds due July 1, 2024; and

$4,875,000 5% bonds due July 1, 2024.

Manufacturers and Trust Co. is the trustee.


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