Dasny to sell $97 million of pledged assessment revenue bonds

By Sheri Kasprzak

New York, Nov. 19 - The Dormitory Authority of the State of New York is expected to price $97 million of series 2010A taxable pledged assessment revenue bonds, said a preliminary official statement.

The bonds (Aa2/AA/AA+) will be sold on a negotiated basis with Goldman, Sachs & Co. and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are Citigroup Global Markets Inc. and M.R. Beal & Co.

The bonds are due 2012 to 2020.

Proceeds will be used to fund lump sum payments under waiver agreements with claimants entered in lieu of ongoing indemnity benefit payments.

Dasny, based in Albany, provides financing to a variety of nonprofit, educational, health care and corporate projects.

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