Dasny to sell $197 million in revenue bonds for City University System

By Sheri Kasprzak

New York, Sept. 15 - The Dormitory Authority of the State of New York is expected to price $197 million in series 2010A consolidated fifth general resolution revenue bonds for the City University System, said a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as the senior managers. The co-managers are Barclays Capital Inc.; Fidelity Capital Markets Services Inc.; Jefferies & Co.; Oppenheimer & Co.; Prager, Sealy & Co. LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Southwest Securities Inc.; Sterne, Agee & Leach Inc.; and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund debt issued by the university system.

Albany-based Dasny provides financing for health-care, educational and other organizations. The City University System operates 13 senior colleges in New York City.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.