Dormitory Authority of the State of New York to price $290 million revenue bonds April 9

By Sheri Kasprzak

New York, April 1 - The Dormitory Authority of the State of New York intends to price $290 million in series 2008A revenue bonds on April 9, according to a preliminary official statement released Tuesday.

The bonds will be sold on a negotiated basis through lead manager Morgan Stanley. The co-managers are Banc of America Securities LLC; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers; Ramirez & Co.; Roosevelt & Cross Inc.; and Siebert Brandford Shank & Co.

The bonds will be term bonds, but the maturities have not been set.

Proceeds from the offering will be used for the design, renovation and construction of improvements to a library, faculty house, faculty office space and several halls on the Columbia University campus.

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