Alexandria, Va., to sell $79.7 million G.O. capital improvement bonds

By Sheri Kasprzak

New York, June 17 - The city of Alexandria in Virginia is scheduled to price $79.7 million in series 2009 general obligation capital improvement bonds on June 23, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a competitive basis with Davenport & Co. LLC as the financial adviser.

The sale includes $35.2 million in series 2009A bonds and $44.5 million in series 2009B bonds.

The 2009A bonds are due 2010 to 2019. The 2009B bonds are due 2020 to 2029.

Proceeds will be used to finance capital improvements to the city, including capital improvements by the Washington Metropolitan Transit Authority, public school projects, city parks and buildings, transportation improvements and other infrastructure projects.

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