By Sheri Kasprzak
New York, Nov. 10 - The Virginia College Building Authority priced $236.9 million in series 2009 revenue bonds, said a sellside source familiar with the deal.
The bonds were sold on a competitive basis with Merrill Lynch & Co. winning the bid with a 4% true interest cost.
The bonds are due 2039.
Proceeds will be used to fund improvements to college buildings throughout the state.
The Virginia College Building Authority is based in Richmond, Va.
| Issuer: | Virginia College Building Authority
|
| Issue: | Series 2009 revenue bonds
|
| Amount: | $236.9 million
|
| Type: | Competitive
|
| Underwriter: | Merrill Lynch & Co. (lead)
|
| TIC: | 4%
|
| Maturity: | 2039
|
| Pricing date: | Nov. 10
|
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