Virginia to price $265.62 million G.O. bonds Thursday

By Sheri Kasprzak

New York, Nov. 10 - Virginia is slated to price $265.62 million in series 2008B general obligation bonds on Thursday, according to an offering calendar.

The bonds (Aaa//AAA) will be sold through lead managers Merrill Lynch & Co. and BB&T Capital Markets.

Co-managers will be Davenport & Co., Morgan Keegan & Co., Ramirez & Co. and Siebert Brandford Shank & Co.

The bonds are due 2009 to 2033.

Proceeds will be used for capital projects, including educational, park and recreational facilities, as well as for revenue-producing capital projects at the commonwealth's higher education institutions. The rest will be used for refunding existing obligations.

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