Virginia Public School Authority to sell $274.9 million school bonds

By Sheri Kasprzak

New York, April 21 - The Virginia Public School Authority plans to price $274.9 million of series 2014 school financing bonds on Thursday, according to a preliminary official statement.

The deal includes $49,905,000 of series 2014A school financing bonds and $224,995,000 of series 2014B refunding bonds.

The bonds (Aa1/AA+/AA+) will be sold competitively with Davenport & Co. LLC as the financial adviser.

The 2014A bonds are due 2015 to 2039. The 2014B bonds are due 2014 to 2026.

Proceeds will be used to purchase series 2014A local bonds and refund the authority's series 2005D and 2006A-B bonds.

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