Dasny to sell $336.75 million bonds for Mount Sinai Hospital Obligated

By Sheri Kasprzak

New York, May 20 - The Dormitory Authority of the State of New York is set to sell $336.75 million in series 2010A revenue bonds for Mount Sinai Hospital Obligated Group, according to a preliminary official statement.

The bonds will be sold through lead manager Goldman, Sachs & Co. The co-managers are Bank of America Merrill Lynch, BB&T Capital Markets, Citigroup Global Markets Inc., Janney Montgomery Scott LLC, Jefferies & Co., J.P. Morgan Securities Inc., M.R. Beal & Co., Raymond James & Associates Inc. and Ramirez & Co. Inc.

The bonds are due 2012 to 2020 with a term bond due 2026.

Proceeds will be used to refund the obligated group's series 2000A and 2000C bonds.

The Albany-based authority provides financing for various capital projects throughout the state.

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