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DASNY Board Approves $175M of New Financings

DEC 5, 2012 3:07pm ET

The Dormitory Authority of the State of New York's board on Wednesday approved $175 million of new financings for healthcare, higher education, and non-profit institutions.

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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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