Dasny to sell $90 million of revenue bonds for Yeshiva University

By Sheri Kasprzak

New York, Sept. 14 - The Dormitory Authority of the State of New York is expected to price $90 million of series 2011A revenue bonds for Yeshiva University, according to a preliminary official statement.

The bonds (A2/AA-) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Barclays Capital Inc. as the senior managers. The co-managers are Goldman, Sachs & Co., J.P. Morgan Securities LLC and Ramirez & Co. Inc.

The maturities have not been set.

Proceeds will be used to construct, renovate, repair and improve existing facilities at campuses in the Bronx and Manhattan. The remainder will be used to refund existing debt.

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