Published on 8/1/2013 in the Prospect News Municipals Daily.
New Issue: Dasny offers $59.39 million of school districts program revenue bonds
By Sheri Kasprzak
New York, Aug. 1 - The Dormitory Authority of the State of New York sold $59.39 million of series 2013F school districts revenue bond financing program revenue bonds, according to an official statement.
The bonds (/A+/A+) were sold through senior managers Raymond James/Morgan Keegan and Roosevelt & Cross Inc.
The bonds are due 2014 to 2026 with 0.6% to 5% coupons and 0.6% to 4.21% yields.
Proceeds will be used to make loans to New York state school districts.
| Issuer: | Dormitory Authority of the State of New York
|
| Issue: | Series 2013F school districts revenue bond financing program revenue bonds
|
| Amount: | $59.39 million
|
| Type: | Negotiated
|
| Underwriters: | Raymond James/Morgan Keegan and Roosevelt & Cross Inc.
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | July 24
|
| Settlement date: | Aug. 15
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $3.76 million | 2014 | Serial | 0.6% | 0.6%
|
| $3,845,000 | 2015 | Serial | 4% | 0.98%
|
| $4,015,000 | 2016 | Serial | 5% | 1.42%
|
| $4.21 million | 2017 | Serial | 5% | 1.8%
|
| $4.42 million | 2018 | Serial | 5% | 2.15%
|
| $4,635,000 | 2019 | Serial | 5% | 2.54%
|
| $4,865,000 | 2020 | Serial | 5% | 2.87%
|
| $5.1 million | 2021 | Serial | 5% | 3.23%
|
| $5,345,000 | 2022 | Serial | 5% | 3.5%
|
| $5,605,000 | 2023 | Serial | 5% | 3.72%
|
| $5.88 million | 2024 | Serial | 5% | 3.93%
|
| $5,195,000 | 2025 | Serial | 4% | 4.12%
|
| $2,515,000 | 2026 | Serial | 4% | 4.21%
|
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