Virginia Beach, Va., plans to price $52.53 million G.O. public improvement refunding bonds

By Cristal Cody

Springdale, Ark., April 18 - Virginia Beach, Va., intends to price $52.53 million general obligation public improvement refunding bonds in a competitive sale on April 29, according to a notice released Friday.

The series 2008A bonds (Aa1/AAA/AA+) have serial maturities from Oct. 1, 2008 through Oct. 1, 2015.

Government Finance Associates and ARD Government Finance Group are the city's financial advisers.

Proceeds will be used to refund the city's series 1998 general obligation refunding bonds with maturities from Aug.1, 2008 through Aug. 1, 2015.

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