The largest pooled school district bond issuance in the 74-year history of the Dormitory Authority of the State of New York is funding infrastructure upgrades in public schools around the state.
New York. Gov. Andrew Cuomo and Lt. Gov. Kathy Hochul on Wednesday touted DASNY’s four-month-old $582.2 million school district finance program revenue bond transaction as an important step toward boosting the state’s educational performance. The May 10 deal, which was priced by Raymond James, is among 90 separate series of bonds the conduit issuer giant has led for more than 200 school districts statewide since 2002 totaling more than $5 billion.
"The nearly $600 million in bonds for school districts across the state will allow districts to upgrade their facilities and address inefficiencies in the classroom,” said Hochul in a statement.
The largest participant in the deal was the $57.7 million of the City School District of Schenectady. The Liverpool School District received the second largest financing at $32.1 million followed by the Pittsford Central School District at $25 million.
The Series 2018 A, B, C, D and E bonds saw
"DASNY is proud to provide low-cost financing support to these local school districts and help keep New York's economy moving forward,” DASNY president & CEO Gerard Bushell said in a statement. “The projects funded by these issuances will ensure students can continue to learn and grow in modern facilities designed for them to achieve success."
The spring transaction helped fuel DASNY to being the
