Dasny to sell $85.97 million of revenue bonds for New York University

By Sheri Kasprzak

New York, May 1 - The Dormitory Authority of the State of New York plans to price $85,965,000 of series 2012 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. The co-managers are Lebenthal & Co. LLC, Oppenheimer & Co. Inc. and Roosevelt & Cross Inc.

The maturity dates have not been set.

Proceeds will be used to construct, equip, renovate and repair university buildings.

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