Dasny to price $968.25 million bonds in June 23 week

By Cristal Cody

Springdale, Ark., June 20 - The Dormitory Authority of the State of New York plans to price $968.245 million in bonds in the June 23 week, according to an updated sale calendar.

The sale includes $528.245 million mental health services facilities improvement revenue bonds that will price in five tranches, according to a preliminary official statement.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale.

Proceeds will be used to refund outstanding bonds, to refinance state facilities and to fund new projects, including projects at the Greater Binghamton Health Center, Bronx Children's Psychiatric Center, Kingsboro Addiction Treatment Center and St. Vincent's Services.

Dasny also intends to price $440 million state personal income tax revenue bonds.

The series 2008A bonds (/AAA/AA-) have serial maturities from 2009 through 2028.

M.R. Beal & Co. is the senior manager of the negotiated sale.

Proceeds will finance grants to local school districts for facility projects that exceed existing state school building aid allotments as part of the Expanding our Children's Education and Learning program.

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