Dasny to price $668.5 million mental health revenue bonds

By Sheri Kasprzak

New York, Nov. 14 - The Dormitory Authority of the State of New York plans to price $668.5 million in series 2008 mental health services facilities improvement revenue bonds, according to a preliminary official statement.

The bonds (/AA-/A+) will be sold through lead manager J.P. Morgan Securities Inc.

The co-managers are Jackson Securities, RBC Capital Markets, Roosevelt & Cross, Banc of America Securities LLC, Barclays Capital, Citigroup Global Markets, Loop Capital Markets, Morgan Stanley & Co. Inc., M.R. Beal & Co. and Piper Jaffray.

The deal includes $595.22 million in series 2008F and $73.28 million in series 2008G bonds.

Proceeds will be used to refund outstanding obligations.

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