New Issue: Dutchess County Local Development, N.Y., sells $80.89 million bonds

By Sheri Kasprzak

New York, June 2 – The Dutchess County Local Development Corp. of New York sold $80,885,000 of series 2015A revenue bonds for Marist College on Tuesday, according to a pricing sheet.

The bonds (A2//A) were sold through Barclays and Wells Fargo Securities LLC.

The bonds are due 2018 to 2036 with term bonds due in 2040 and 2045. The serial bonds have 5% coupons. The 2040 bonds have a 5% coupon priced at 110.006 and the 2045 bonds have a 5% coupon priced at 109.395.

Proceeds will be used to finance capital improvement projects for the college.

Issuer:	Dutchess County Local Development Corp./Marist College
Issue:	Series 2015A revenue bonds
Amount:	$80,885,000
Type:	Negotiated
Underwriters:	Barclays and Wells Fargo Securities LLC
Ratings:	Moody’s: A2
	Fitch: A
Pricing date:	June 2
Settlement date:	June 25
Amount	Maturity	Type	Coupon	Price
$1,385,000	2018	Serial	5%	110.754
$1,455,000	2019	Serial	5%	113.176
$1,525,000	2020	Serial	5%	115.077
$1,605,000	2021	Serial	5%	116.065
$1,685,000	2022	Serial	5%	117.12
$1,765,000	2023	Serial	5%	117.979
$1,855,000	2024	Serial	5%	118.385
$1.95 million	2025	Serial	5%	118.908
$2,045,000	2026	Serial	5%	117.381
$2.15 million	2027	Serial	5%	116.065
$2,255,000	2028	Serial	5%	115.043
$2.37 million	2029	Serial	5%	114.216
$2,485,000	2030	Serial	5%	113.395
$2.61 million	2031	Serial	5%	112.851
$2.74 million	2032	Serial	5%	112.401
$2.88 million	2033	Serial	5%	112.042
$3,025,000	2034	Serial	5%	111.685
$3,175,000	2035	Serial	5%	111.329
$3,335,000	2036	Serial	5%	110.974
$15,085,000	2040	Term	5%	110.006
$23,505,000	2045	Term	5%	109.395

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