Virginia Public Building preps $215.77 million sale of revenue bonds

By Sheri Kasprzak

New York, Feb. 4 - The Virginia Public Building Authority is set to price $215.77 million of series 2013 public facilities revenue bonds on Thursday, according to a notice of sale.

The deal includes $143.4 million of series 2013A revenue bonds and $72.37 million of series 2013B refunding bonds.

The bonds will be sold on a competitive basis with Public Resources Advisory Group as the financial adviser.

The 2013A bonds are due 2014 to 2033. and the 2013B bonds are due 2019 to 2023.

Proceeds will be used to finance general governmental facilities, conservation projects, public safety facilities, education and cultural facilities and public/mental health projects, as well as to prepay and defease certain maturities of the authority's series 2006A-B public facilities revenue bonds.

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