Dasny prepares $426.08 million bond sale for North Shore-Long Island Jewish Obligated Group

By Sheri Kasprzak

New York, Aug. 10 - The Dormitory Authority of the State of New York plans to price in one or more sales $426.075 million of 30-year tax-exempt and/or taxable, fixed- and/or variable-rate bonds on behalf of the North Shore-Long Island Jewish Obligated Group, said a statement from the authority.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

Proceeds will be used to construct an addition at Zucker Hillside Hospital to replace 115 beds; to construct a parking facility at Huntington Hospital; to refund the obligated group's series 2001A, 2001B and 2001D debt issued through the Nassau County Industrial Development Authority; and to refund bonds issued on behalf of Franklin Hospital, Southside Hospital, Staten Island University Hospital, Huntington Hospital and Lenox Hospital.

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