Dasny plans $1.18 billion state personal income tax bonds for Thursday

By Sheri Kasprzak

New York, June 5 – The Dormitory Authority of the State of New York is scheduled to sell $1,178,090,000 of series 2015 state personal income tax revenue bonds on Thursday, according to a preliminary official statement.

The deal includes $1,050,550,000 of series 2015B tax-exempt bonds, $29.92 million of series 2015C tax-exempt bonds and $97.62 million of series 2015D taxable bonds.

The maturities have not been set.

The bonds will be sold competitively with Public Resources Advisory Group as the financial adviser.

Proceeds will be used to finance capital projects and refund existing debt.

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