Dasny to sell $418.04 million income tax revenue bonds Tuesday

By Sheri Kasprzak

New York, Jan. 30 - The Dormitory Authority of the State of New York plans to bring $418.035 million in series 2009 state personal income tax revenue bonds Tuesday, according to a preliminary official statement.

The sale includes $148.855 million in series 2009A education bonds, $93.76 million in series 2009A health care bonds, $24.55 million in series 2009A state facilities and equipment bonds and $150.87 million in series 2009A economic development and housing bonds.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

The co-managers are Loop Capital Markets LLC; M.R. Beal & Co.; Barclays Capital Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Merrill Lynch & Co.; Morgan Stanley & Co. Inc.; RBC Capital Markets Corp.; Southwest Securities Inc.; and Sterne, Agee & Leach Inc.

Proceeds will be used for capital grants to local schools and health care systems, as well as economic development grants under a variety of state programs.

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