Dasny to sell $89.16 million school district revenue bonds this week

By Sheri Kasprzak

New York, Dec. 1 - The Dormitory Authority of the State of New York is gearing up this week to sell $89.155 in series 2008 school district revenue bonds financing program revenue bonds, according to a preliminary official statement.

The sale includes $41.235 million in series 2008C bonds (A2/A+/A+) and $47.92 million in series 2008D bonds (A2/A+/A).

The bonds will be sold on a negotiated basis with Depfa First Albany Securities as the senior manager. The co-managers are Roosevelt & Cross, Fidelity Capital Markets, Ramirez & Co. and Wachovia Bank.

Proceeds will be used for loans to certain school districts for capital improvements.

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