Virginia Public School Authority to sell $125.14 million school bonds

By Sheri Kasprzak

New York, Nov. 18 - The Virginia Public School Authority plans to price $125.14 million in series 2008B school financing bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Morgan Keegan & Co. as the lead manager. The co-managers are Davenport & Co., J.P. Morgan Securities Inc. and M.R. Beal & Co.

A source at the state treasurer's office said earlier this week that the bonds are expected to sell in November, but no exact pricing date has been set.

The bonds are due 2009 to 2033.

Proceeds will be used to construct, renovate and equip school buildings throughout the state.

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