Dasny organizes $57.95 million sale of Long Island University bonds

By Sheri Kasprzak

New York, Sept. 21 - The Dormitory Authority of the State of New York is expected to come to market with $57,945,000 of series 2012 revenue bonds for Long Island University, according to a preliminary official statement.

The bonds (Baa3/BBB-/) will be sold through Piper Jaffray & Co. Inc.

The bonds are due 2013 to 2027 with a term bond due in 2032.

Proceeds will be used to refund the university's series 1999 and 2003A-B revenue bonds.

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