Virginia prepares $280.47 million G.O. bond offering for Wednesday

By Sheri Kasprzak

New York, April 13 – The Commonwealth of Virginia is set to price $280,465,000 of series 2015 general obligation bonds on Wednesday, according to a preliminary official statement.

The offering includes $65,485,000 of series 2015A bonds and $214.98 million of series 2015B refunding bonds.

The bonds (Aaa/AAA/AAA) will be sold competitively with Public Resources Advisory Group as the financial adviser.

The 2015A bonds are due 2016 to 2035, and the 2015B bonds are due 2018 to 2037.

Proceeds will be used to finance revenue-producing projects at higher education institutions within the commonwealth and to refund existing G.O. debt.

© 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.