Welcome, Monday, September 6, 2010

Loop Capital Markets Leads Deal for Dormitory Authority of the State of New York (“DASNY”)

Loop Capital Markets serves as book-running senior manager on $176 million State Personal Income Tax Revenue Bonds.

Loop Capital Markets recently served as book-running senior manager on $176 million tax-exempt State Personal Income Tax Revenue Bonds for DASNY, one of the most prolific and prestigious issuers in the municipal market.  This transaction is part of a larger plan of finance that includes $94 million in taxable fixed rate bonds, where Loop Capital Markets served as co-senior manager.  The bond sale raised funds for certain DASNY projects related to economic and healthcare activities.