Dasny coordinates $63 million St. John's University revenue bond sale

By Sheri Kasprzak

New York, Oct. 22 - The Dormitory Authority of the State of New York plans to price $63 million of series 2013 revenue bonds for St. John's University, according to a preliminary official statement.

The deal includes $57,005,000 of series 2013A bonds and $5,995,000 of series 2013B taxable revenue bonds.

The bonds (A3/A-/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the underwriter.

The 2013A bonds are due July 1, 2044 and the 2013B bonds are due July 1, 2029.

Proceeds will be used to purchase a building in Queens for a student housing facility.

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