New Issue: Dasny offers up $159.03 million of New York University revenue bonds

By Sheri Kasprzak

New York, Sept. 26 - The Dormitory Authority of the State of New York sold $159,025,000 of series 2013 revenue bonds for New York University, according to a pricing sheet.

The deal included $126,745,000 of series 2013A tax-exempt bonds and $32.28 million of series 2013B taxable bonds.

The 2013A bonds are due 2014 to 2033 with term bonds due in 2037 and 2043. The serial coupons range from 2% to 5%. The 2037 bonds have a 5% coupon priced at 104.62, and the 2043 bonds have a 5% coupon priced at 103.818.

The 2013B bonds are due 2014 to 2028 with term bonds due in 2033 and 2043. The serial coupons range from 0.44% to 4.626% all priced at par. The 2033 bonds have a 5% coupon and the 2043 bonds have a 5.25% coupon, both priced at par.

The bonds (Aa3/AA-/) were sold through J.P. Morgan Securities LLC.

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.

Issuer:	Dormitory Authority of the State of New York/New York University
Issue:	Series 2013 revenue bonds
Amount:	$159,025,000
Type:	Negotiated
Underwriters:	J.P. Morgan Securities LLC (lead), BofA Merrill Lynch, Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Lebenthal & Co. LLC, Southwest Securities Inc. and The Williams Capital Group LP (co-managers)
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
Pricing date:	Sept. 26
Settlement date:	Oct. 8
$126,745,000 series2013A tax-exempt bonds
Amount	Maturity	Type	Coupon	Price
$1.5 million	2014	Serial	2%	101.328
$2.08 million	2015	Serial	3%	104.55
$2,145,000	2016	Serial	4%	108.908
$2.23 million	2017	Serial	5%	114.412
$2.34 million	2018	Serial	5%	116.022
$2.46 million	2019	Serial	5%	117.109
$2.58 million	2020	Serial	5%	117.835
$2.71 million	2021	Serial	5%	117.778
$2,845,000	2022	Serial	5%	117.608
$2,985,000	2023	Serial	5%	117.781
$3,135,000	2024	Serial	5%	115.85
$3,295,000	2025	Serial	5%	114.135
$3.46 million	2026	Serial	5%	112.89
$3.63 million	2027	Serial	5%	111.575
$3,815,000	2028	Serial	5%	110.364
$4,005,000	2029	Serial	4%	99.417
$4,165,000	2030	Serial	5%	108.072
$4.37 million	2031	Serial	5%	107.404
$4.59 million	2032	Serial	5%	106.824
$940,000	2033	Serial	4.375%	100
$3.88 million	2033	Serial	5%	106.329
$21.79 million	2037	Term	5%	104.62
$41,795,000	2043	Term	5%	103.818
$32.28 million series 2013B taxable bonds
Amount	Maturity	Type	Coupon	Price
$850,000	2014	Serial	0.44%	100
$1.17 million	2015	Serial	0.674%	100
$1,175,000	2016	Serial	1.194%	100
$1.19 million	2017	Serial	1.833%	100
$1,215,000	2018	Serial	2.333%	100
$1.24 million	2019	Serial	2.768%	100
$1,275,000	2020	Serial	3.098%	100
$1.32 million	2021	Serial	3.476%	100
$1,365,000	2022	Serial	3.676%	100
$1,415,000	2023	Serial	3.826%	100
$1.47 million	2024	Serial	3.976%	100
$1,525,000	2025	Serial	4.176%	100
$1,585,000	2026	Serial	4.376%	100
$1.66 million	2027	Serial	4.526%	100
$1.73 million	2028	Serial	4.626%	100
$3,075,000	2033	Term	5%	100
$9.02 million	2043	Term	5.25%	100

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