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Dutchess County Local Development, N.Y., plans $85.8 million bond deal
By Sheri Kasprzak
New York, May 22 - The Dutchess County Local Development Corp. is set to price $85.8 million of series 2013A revenue bonds for Vassar College, according to a preliminary official statement.
The bonds (Aa2/AA-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Goldman, Sachs & Co. as the lead managers.
The maturities have not been set.
Proceeds will be used to finance the construction of a new science building at Vassar, as well as other capital improvements.
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