By Sheri Kasprzak
New York, Aug. 26 - The Dormitory Authority of the State of New York priced $58.01 million in series 2009E revenue bonds Wednesday for the North Shore-Long Island Jewish Obligated Group, according to a pricing sheet.
The bonds (Baa1/A-/A-) were sold through lead managers Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc.
The bonds are due 2019 to 2023 with a term bond due 2033. The coupons range from 5% to 5.5%.
Proceeds will be used to finance the cancellation of the obligated group's series 2007B bonds, as well as to fund the termination of a swap agreement.
| Issuer: | Dormitory Authority of the State of New York/North Shore-Long Island Jewish Obligated Group
|
| Issue: | Series 2009E revenue bonds
|
| Amount: | $58.01 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. (lead)
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Pricing date: | Aug. 26
|
| Settlement date: | Sept. 17
|
|
|
| Maturity | Type | Coupon
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 5%
|
| 2033 | Term | 5.5%
|
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