Transportation Board in Virginia to price $121.35 million bonds

By Cristal Cody

Prospect News, Jan. 27 - The Commonwealth Transportation Board in Virginia plans to sell $121.35 million in two tranches of revenue refunding bonds, according to a preliminary official statement.

The offering includes $84,605,000 of series 2012A bonds for the Northern Virginia Transportation District Program and $36,745,000 in series 2012B bonds for the U.S. Route 58 Corridor Development Program.

The series 2012A bonds have serial maturities from 2013 through 2027.

The series 2012B bonds are due from 2013 through 2018.

The bonds will price through a competitive sale on Feb. 1.

Public Resources Advisory Group is the financial adviser.

Proceeds will be used to refund a portion of the outstanding series 2001A revenue bonds, series 2002A revenue and refunding bonds, series 2001B revenue bonds and series 2002B revenue and refunding bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.