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Virginia Public School Authority to sell $138.21 million of bonds Tuesday
By Sheri Kasprzak
New York, April 21 - The Virginia Public School Authority plans to sell $138.21 million in school financing bonds Tuesday, said a preliminary official statement released Monday.
The bonds (Aa1/AA+/AA+) will be sold on a competitive basis with BB&T Capital Markets as the financial adviser.
The bonds are due from 2009 to 2037.
Proceeds from the deal will be used for capital projects for public schools in Virginia.
The sale is expected to close on May 15.
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