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Virginia Public School Authority to sell $131.86 million school tax credit bonds Wednesday
By Sheri Kasprzak
New York, Nov. 28 - The Virginia Public School Authority plans to price $131.86 million of series 2011-2 school tax credit bonds on Wednesday, according to a preliminary official statement.
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 Dec. 15, 2030.
Proceeds will help purchase local school bonds.
Based in Richmond, Va., the authority provides funding to public schools throughout the commonwealth.
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