Dasny coordinates $163.1 million offering of New York University bonds

By Sheri Kasprzak

New York, Sept. 23 - The Dormitory Authority of the State of New York plans to price $163.1 million of series 2013 revenue bonds for New York University during the week of Sept. 23, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are BofA Merrill Lynch, Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Lebenthal & Co. LLC, Southwest Securities Inc. and Williams Capital Group LP.

The offering includes $130.8 million of series 2013A tax-exempt bonds and $32.3 million of series 2013B taxable bonds.

The maturities have not been set.

Proceeds will be used to finance the construction, renovation, improvement and repair of New York University facilities at the Washington Square campus, as well as the acquisition and construction of properties on Lafayette Street.

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