Dasny to price $52.20 million revenue bond issue for Pratt Institute on Wednesday via TD

By Aaron Hochman-Zimmerman

New York, March 16 - The Dormitory Authority of the State of New York plans to sell $52.195 million in series 2009 revenue bonds (Aa2/VMIG 1) for the Pratt Institute, said Marc Violette, an authority spokesman.

The deal is expected to price Wednesday.

TD Bank will act as underwriter for the negotiated issue.

The bonds will be split into a $33.775 million series 2009A tranche and an $18.420 million series 2009B tranche.

The series 2009A bonds carry maturities from 2010 to 2028, while the series 2008B bonds carry maturities from 2009 to 2034.

Proceeds will be used to refund the authority's series 2005 debt.

The Pratt Institute is located in Brooklyn, N.Y.

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