Dasny to sell $668.5 million mental health revenue bonds Tuesday

By Sheri Kasprzak

New York, Nov. 24 - The Dormitory Authority of the State of New York is scheduled to price $668.5 million in series 2008 mental health services facilities improvement bonds on Tuesday, according to a calendar of upcoming sales.

The bonds (/AA/A+) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are Banc of America Securities LLC, Jackson Securities, RBC Capital Markets, Roosevelt & Cross, Barclays Capital, Citigroup Global Markets, Loop Capital Markets, Morgan Stanley & Co. Inc., M.R. Beal & Co. and Piper Jaffray.

A retail order period was expected for Monday. The final pricing will be determined Tuesday.

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

Proceeds will be used to refund outstanding bonds.

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