Virginia Beach plans to price $90 million general obligation bonds in competitive sale on March 11

By Cristal Cody

Springdale, Ark., Feb. 28 - Virginia Beach, Va., plans to price $90 million of general obligation public improvement bonds in a competitive sale on March 11, the city said in a preliminary official statement released Thursday.

The series 2008 bonds (Aa1/AAA/AA+) have serial maturities from Oct. 1, 2008, through Oct. 1, 2027.

Government Finance Associates in New York and ARD Government Finance Group in Arlington, Va., are the financial advisors.

Proceeds will provide funds for various public improvement projects.

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