Dasny coordinates $105 million offering of St. John’s University bonds

By Sheri Kasprzak

New York, March 20 – The Dormitory Authority of the State of New York is expected to come to market with $105 million of series 2015A revenue bonds for St. John’s University, according to a preliminary official statement. Pricing is set for the week of March 23.

The bonds (A3/A-/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are Ramirez & Co. Inc. and Roosevelt & Cross Inc.

The maturities have not been set.

Proceeds will be used to refund the authority’s series 2007A revenue bonds issued for the university.

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