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Commonwealth Transportation, Va., set to sell $272.87 million bonds
By Sheri Kasprzak
New York, Nov. 17 – The Commonwealth Transportation Board of Virginia is scheduled to hit the market Wednesday with $272.87 million of series 2014 transportation capital projects revenue bonds, according to a preliminary official statement.
The bonds (Aa1/AA+/AA+) will be sold competitively with Public Resources Advisory Group LLC as the financial adviser.
The bonds are due 2015 to 2039.
Proceeds will be used to finance statewide transportation projects.
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