Virginia College Building to price $85.72 million of debt on Wednesday

By Sheri Kasprzak

New York, Oct. 21 - The Virginia College Building Authority plans to price $85.72 million of series 2013 educational facilities revenue bonds on Wednesday, according to a preliminary official statement.

The bonds will be sold competitively with Public Resources Advisory Group LLC as the financial adviser.

The offering includes $76,605,000 of series 2013A revenue bonds and $9,115,000 of series 2013B refunding bonds.

The 2013A bonds are due 2014 to 2043, and the 2013B bonds are due 2014 to 2028.

Proceeds will be used to finance capital projects for qualified higher educational facilities within the commonwealth, as well as to refund the authority's series 2006A and 2009A revenue bonds.

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