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Virginia Public School Authority plans to sell $87.6 million school financing bonds Wednesday
By Sheri Kasprzak
New York, Nov. 14 - The Virginia Public School Authority is expected to bring to market $87.595 million of series 2011 Montgomery County special obligation school financing bonds on Wednesday, according to a preliminary official statement.
The bonds (Aa2/AA/) will be sold on a competitive basis with BB&T Capital Markets and Davenport & Co. LLC as the financial advisers.
The bonds are due 2013 to 2032.
Proceeds will be used to fund capital improvement school projects in Montgomery County, Va.
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