Virginia Beach, Va., intends to sell $60 million G.O. bonds May 11

By Sheri Kasprzak

New York, May 4 - The City of Virginia Beach, Va., plans to bring to market $60 million in series 2010A general obligation public improvement bonds on May 11, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold competitively with Government Finance Associates Inc. as the financial adviser.

The bonds are due 2011 to 2030.

Proceeds will be used to finance capital improvements throughout the city.

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