Dasny prepares $205.2 million sale of bonds for New York University

By Sheri Kasprzak

New York, March 12 - The Dormitory Authority of the State of New York plans to sell $205,195,000 of series 2012A revenue bonds for New York University, according to a preliminary official statement.

The bonds (Aa3/AA-) will be sold on a negotiated basis with Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as the senior managers. The co-managers are Barclays Capital Inc., Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Keegan & Co. Inc., Oppenheimer & Co. Inc., Ramirez & Co. Inc., Roosevelt & Cross Inc. and US Bancorp Investments Inc.

The bonds are due 2013 to 2032 with term bonds due in 2037 and 2042.

Proceeds will be used to construct, acquire, develop and equip an academic building to be used by the New York University School of Law, as well as to construct, acquire, renovate and equip a condominium unit to be utilized as administrative offices.

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