Dasny coordinates $54.73 million school district revenue bond offering

By Sheri Kasprzak

New York, Sept. 10 – The Dormitory Authority of the State of New York plans to price $54,725,000 of series 2014 school districts revenue bond financing program revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Raymond James/Morgan Keegan as the underwriter.

The deal includes $39,125,000 of series 2014E bonds (/A+/AA-) and $15.6 million of series 2014F bonds (Aa3//AA-).

The maturities have not been set.

Proceeds will be used to refund the authority’s series 2005B-D school districts revenue bonds.

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