TITLE

Munis Drop 2 to 3 Basis Points; Yields Lowered on $595M N.Y. Dorm Deal

AUTHOR(S)
Chesla, Nicholas
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/28/2003, Vol. 343 Issue 31803, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
he Municipal yields at a repricing of 595 million dollars New York State Dormitory Authority revenue bonds in the new-issue market. At a repricing of 88 million dollars of third general resolution revenue bonds, 2003 Series 1, yields were lowered by four basis points in 2011. The final offering in this series comprised a 2007 maturity containing 17 million dollars priced as 5s to yield 2.79 percent, a 2009 maturity containing 5 million dollars priced as 5 1/4s to yield 3.49 percent, and a 2011 maturity containing 47 million dollars priced as 5 1/4s to yield 4.00 percent. One part of a 2012 split maturity containing 2 million dollars was priced as 4 1/8s to yield 4.18 percent and the other part containing 3 million dollars was priced as 5 1/4s to yield 4.18 percent. A 2014 maturity containing 13 million dollars was priced a 4 1/4s to yield 4.35 percent.At a repricing of 179 million dollars fourth general resolution revenue bonds, 2003 Series A, yields were lowered by one basis point in 2008, the second part of a 2009 maturity and 2010, by four basis points in 2011 and by seven basis points in 2013.
ACCESSION #
9473093

 

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