Dasny preps $1 billion offering of state personal income tax bonds

By Sheri Kasprzak

New York, Aug. 27 – The Dormitory Authority of the State of New York is set to price $1 billion of series 2015E general purpose state personal income tax revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities LLC, BofA Merrill Lynch and Loop Capital Markets LLC as the senior managers.

The co-managers are Barclays, BNY Mellon Capital Markets, Citigroup Global Markets Inc., Fidelity Capital Markets, Goldman Sachs & Co., Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to refund existing bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.