Dasny plans $50 million revenue bonds for Vassar College via JPMorgan

By Sheri Kasprzak

New York, April 5 - The Dormitory Authority of the State of New York plans to bring to market $50 million in series 2010 revenue bonds for Vassar College, said a preliminary official statement.

The bonds (Aa2/AA/) will be offered on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager.

The maturities have not yet been set.

Proceeds will be used to renovate, construct, improve and repair campus facilities, including student housing, athletic facilities and academic facilities, at Vassar College in Poughkeepsie.

The authority, based in Albany, finances projects at independent colleges and universities and private hospitals, as well as other nonprofit organizations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.