Virginia Public School Authority plans $98.02 million bond offering

By Sheri Kasprzak

New York, July 13 – The Virginia Public School Authority is on tap to price $98,015,000 of series 2015 special obligation school financing bonds on Tuesday, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold competitively with Davenport & Co. LLC as the financial adviser.

The bonds are due 2016 to 2035.

Proceeds will be used to purchase a general obligation school bond issue by Prince William County in the amount of $98,015,000 to finance various capital school improvement projects for the county.

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