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Dasny to sell $887.2 million state personal income tax revenue bonds
By Sheri Kasprzak
New York, Oct. 3 - The Dormitory Authority of the State of New York is set to price $887,195,000 of series 2012 state personal income tax revenue bonds, according to a preliminary official statement.
The bonds (/AAA/AA) will be sold on a negotiated basis with Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC. The co-managers are Barclays, BB&T Capital Markets, Blaylock Robert Van LLC, Citigroup Global Markets Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, Goldman, Sachs & Co., Guggenheim Securities Inc., Janney Montgomery Scott LLC, Jefferies & Co. Inc., Lebenthal & Co. Inc., Loop Capital Markets LLC, M.R. Beal & Co. Inc., M&T Securities Inc., Mesirow Financial Inc., Morgan Stanley & Co. LLC, Oppenheimer & Co., Piper Jaffray & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Southwest Securities Inc., Sterne, Agee & Leach Inc., Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC, The William Capital Group LP, US Bancorp Inc. and Wells Fargo Securities LLC.
The deal includes $771,785,000 of series 2012D tax-exempt bonds, $54,235,000 of series 2012D tax-exempt bonds and $61,175,000 of series 2012E taxable bonds.
The maturities have not been set.
Proceeds will be used to finance capital projects for the State University of New York.
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