Dasny to convert, reoffer $72.02 million bonds for Long Island University

By Cristal Cody

Springdale, Ark., Aug. 4 - The Dormitory Authority of the State of New York intends to convert and reoffer the outstanding $72.02 million from the series 2006A variable-rate revenue bonds for Long Island University, according to a reoffering statement.

The $36.005 million subseries 2006A1 term bonds and $36.01 million subseries 2006A2 term bonds due 2026 and 2036 will be remarketed on Thursday.

The bonds will be converted to a weekly interest rate from a daily interest rate.

Piper Jaffray is the remarketing agent.

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