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Virgin Islands Public Finance preps $53 million sale of revenue bonds
By Sheri Kasprzak
New York, Aug. 20 – The Virgin Islands Public Finance Authority plans to price $53 million of series 2014A revenue bonds, according to a preliminary official statement.
The bonds (/BBB+/BBB) will be sold on a negotiated basis with Jefferies & Co. and Bostonia Global Securities LLC.
The maturities have not been set.
Proceeds will be used to finance a loan to the government for operating expenses.
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