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Published on 12/16/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Dasny defeases some 2007, 2008A and 2009A state university dorm bonds

By Wendy Van Sickle

Columbus, Ohio, Dec. 16 – The Dormitory Authority of the State of New York defeased some series 2007, 2008A and 2009A state university dormitory facilities issue lease revenue bonds, according to a notice.

All $30.04 million of outstanding 5% bonds due July 1, 2037 will be redeemed on July 1, 2017 at par plus accrued interest.

The following 2008A bonds will be redeemed on July 1, 2018 at par plus accrued interest:

• $5.11 million of 5% bonds due 2019;

• $5.36 million of 5% bonds due 2020;

• $3,025,000 of 4.25% bonds due 2021;

• $2.6 million of 5% bonds due 2021;

• $5,895,000 of 5% bonds due 2022;

• $6,185,000 of 5% bonds due 2023;

• $3.05 million of 5% bonds due 2024;

• $3,205,000 of 5% bonds due 2025;

• $3.36 million of 5% bonds due 2026;

• $3.53 million of 5% bonds due 2027;

• $3.7 million of 4.5% bonds due 2028; and

• $21,385,000 of 5% bonds due 2033.

The following 2009A bonds will be redeemed on July 1, 2019 at par plus accrued interest:

• $4,205,000 of 5% bonds due 2020;

• $4.44 million of 5.25% bonds due 2021;

• $4.66 million of 5.25% bonds due 2022;

• $4.9 million of 5.25% bonds due 2023;

• $2.84 million of 4.25% bonds due 2024;

• $2.31 million of 5.25% bonds due 2024; and

• $12,355,000 of 5.25% bonds due 2029.

Manufacturers and Traders Trust Co. is the trustee


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