New York's Dorm Authority Approves $228M of Debt

McDonald, Michael
December 2004
Bond Buyer;12/2/2004, Vol. 350 Issue 32021, p36
Trade Publication
The article unfolds the news that the board of the New York State Dormitory Authority yesterday approved four fixed-rate, tax-exempt bond refundings totaling about $227.8 million. In the largest deal, the board approved selling up to $114 million of 20-year bonds to refund State University of New York dormitory facility revenue bonds. RBC Dain Rauscher Inc. was selected as senior manager. The board also approved selling up to $75 million of 14-year bonds to refund eight series of New York State Medical Care Facilities Finance Agency long-term health care revenue bonds issued between 1989 and 1993. Merrili Lynch & Co. will be senior manager.


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