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Published on 7/17/2012 in the Prospect News Municipals Daily.

New Issue: Dasny sells $48.83 million of downsized bonds for St. John's University

By Sheri Kasprzak

New York, July 17 - The Dormitory Authority of the State of New York priced $48.83 million of series 2012A tax-exempt revenue bonds for St. John's University, according to a pricing sheet.

The bonds were sold through Morgan Stanley & Co. LLC.

The bonds are due 2013 to 2023 and 2026 to 2028 with 2% to 5% coupons.

Proceeds will be used to refund certain maturities of the university's series 1998, 2001A and 2005A bonds and all of the university's series 2008A variable-rate bonds.

Issuer:Dormitory Authority of the State of New York/St. John's University
Issue:Series 2012A tax-exempt revenue bonds
Amount:$48.83 million
Type:Negotiated
Underwriters:Morgan Stanley & Co. LLC (lead)
Pricing date:July 17
Settlement date:Aug. 9
AmountMaturityTypeCouponPrice
$2,665,0002013Serial2%NRO
$3,125,0002014Serial3%104.339
$3,615,0002015Serial4%108.746
$4,045,0002016Serial5%114.702
$4.3 million2017Serial5%117.022
$1.5 million2018Serial5%118.617
$130,0002019Serial4%113.163
$140,0002020Serial4%112.977
$145,0002021Serial4%112.829
$145,0002022Serial4%112.794
$155,0002023Serial4%111.495
$9,475,0002026Serial5%117.29
$16.23 million2027Serial5%117.009
$3.16 million2028Serial5%116.358

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