Dasny coordinates $1 billion sale of state personal income tax bonds

By Sheri Kasprzak

New York, Dec. 22 – The Dormitory Authority of the State of New York plans to price $1 billion of series 2015A general purpose state personal income tax bonds, according to a preliminary official statement.

The bonds (/AAA/AA+) will be sold on a negotiated basis with Barclays, Citigroup Global Markets Inc. and Rice Financial Products Co. The co-managers are Blaylock Beal Van LLC; BofA Merrill Lynch; Goldman, Sachs & Co.; Jefferies & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Mesirow Financial Inc.; Morgan Stanley & Co. LLC; Oppenheimer & Co. Inc.; Ramirez & Co. Inc.; Raymond James/Morgan Keegan; RBC Capital Markets LLC; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; and The Williams Capital Group LP.

The maturities have not been set.

Proceeds will be used to refund the authority’s series 2003, 2004A and 2005A-B personal income tax bonds.

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