Dasny coordinates $103.28 million of school districts revenue bonds

By Sheri Kasprzak

New York, March 27 – The Dormitory Authority of the State of New York is set to price $103.28 million of series 2015 school districts revenue bond financing program revenue bonds on Wednesday, according to a preliminary official statement.

The bonds (Aa3//AA-) will be sold on a negotiated basis with Raymond James/Morgan Keegan and Roosevelt & Cross Inc. as the senior managers and Jefferies & Co. and RBC Capital Markets LLC.

The deal includes $41.06 million of series 2015A bonds, $56,965,000 of series 2015B bonds and $5,255,000 of series 2015C bonds.

The maturities have not been set.

Proceeds will be used to finance capital improvements for qualified school districts and to refund existing bonds.

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