By Sheri Kasprzak
New York, Oct. 15 - The Dormitory Authority of the State of New York priced $58.56 million in series 2009 state personal income tax qualified school construction revenue bonds on Oct. 8, according to a term sheet.
The bonds were sold through senior manager Goldman, Sachs & Co.
The bonds are due Sept. 15, 2025, and have a 5.8% tax credit rate, priced at 86.38.
Proceeds will be used to fund grants to local school districts throughout the state for costs associated with the Expanding our Children's Education and Learning (Excel) program.
| Issuer: | Dormitory Authority of the State of New York
|
| Issue: | Series 2009 state personal income tax qualified school construction revenue bonds
|
| Amount: | $58.56 million
|
| Maturity: | Sept. 15, 2025
|
| Coupon: | 5.8%
|
| Price: | 86.38
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co.
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 20
|
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