Virginia College Building Authority organizes $60 million sale of University of Richmond bonds

By Sheri Kasprzak

New York, Oct. 18 - The Virginia College Building Authority plans to price $60 million of series 2012 educational facilities revenue bonds for the University of Richmond, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold through Goldman, Sachs & Co. and Raymond James/Morgan Keegan.

The maturities have not been set.

Proceeds will be used to construct and acquire residence halls and a sports field, as well as to renovate student housing, a library and academic buildings.

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