Dasny to price $142.445 million school revenue bonds

By Cristal Cody

Springdale, Ark., June 6 - The Dormitory Authority of the State of New York (Dasny) intends to price $142.445 million revenue bonds for the School District Revenue Bond Financing Program the week of June 9, according to a sales calendar.

The authority will sell the $112.515 million series 2008A and $29.93 million series 2008B bonds for schools, including in the cities of Albany, Norwich, Rome and Watertown, according to a preliminary official statement.

The bonds are insured by Financial Security Assurance.

Depfa First Albany Securities LLC is the senior manager of the negotiated sale. Co-managers are Citigroup Global Markets, David Lerner Associates, Janney Montgomery Scott LLC and Siebert Brandford Shank & Co.

Proceeds will be used to finance the costs of new school facilities and equipment and refinance outstanding bond anticipation notes.

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