Dormitory Authority of New York defeases 2007, 2009 Mt. Sinai bonds

By Wendy Van Sickle

Columbus, Ohio, Aug. 20 – The Dormitory Authority of the State of New York defeased $484.55 million of Mount Sinai School of Medicine of New York University revenue bonds, series 2007 and 2009, according to two notices.

The following 2007 bonds have been defeased and will be redeemed at the earlier of maturity or July 1, 2017 at par plus accrued interest:

• $3.55 million of bonds due July 1, 2016;

• $3.73 million of bonds due July 1, 2017;

• $3,915,000 of bonds due July 1, 2018;

• $4.11 million of bonds due July 1, 2019;

• $4.32 million of bonds due July 1, 2020;

• $3,665,000 of bonds due July 1, 2021;

• $3,845,000 of bonds due July 1, 2022;

• $4.04 million of bonds due July 1, 2023;

• $4.25 million of bonds due July 1, 2024;

• $14,045,000 of bonds due July 1, 2027;

• $49,265,000 of bonds due July 1, 2035; and

• $15.9 million of bonds due July 1, 2037.

The following 2009 bonds have been defeased and will be redeemed at the earlier of maturity or July 1, 2019 at par plus accrued interest:

• $2,965,000 of 4% bonds due July 1, 2016;

• $3,295,000 of 5% bonds due July 1, 2016;

• $3,245,000 of 4% bonds due July 1, 2017;

• $3.3 million of 5% bonds due July 1, 2017;

• $2,835,000 of 4.25% bonds due July 1, 2018;

• $4 million of 5% bonds due July 1, 2018;

• $3,905,000 of 4.375% bonds due July 1, 2019;

• $3,255,000 of 4% bonds due July 1, 2019;

• $6,245,000 of 4% bonds due July 1, 2020;

• $1,245,000 of 5.25% bonds due July 1, 2020;

• $4.49 million of 5.5% bonds due July 1, 2021;

• $3,355,000 of 4.6% bonds due July 1, 2021;

• $6,005,000 of 5.5% bonds due July 1, 2022;

• $2,235,000 of 4.75% bonds due July 1, 2022;

• $8,655,000 of 4.75% bonds due July 1, 2023;

• $3.42 million of 5.25% bonds due July 1, 2024;

• $5,675,000 of 4.75% bonds due July 1, 2024;

• $13.97 million of 5.5% bonds due July 1, 2025;

• $14,705,000 of 5.5% bonds due July 1, 2026;

• $15.47 million of 5.5% bonds due July 1, 2027;

• $16.28 million of 5.5% bonds due July 1, 2028;

• $6.12 million of 5.5% bonds due July 1, 2029;

• $10,975,000 of 5.25% bonds due July 1, 2029;

• $63.74 million of 5.25% bonds due July 1, 2033; and

• $160.53 million of 5.125% bonds due July 1, 2039.

Manufacturers and Traders Trust Co. is the trustee.

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