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Virginia Resources Authority plans $155.62 million sale of water bonds
By Sheri Kasprzak
New York, May 20 - The Virginia Resources Authority plans to sell $155.62 million of series 2013 clean water state revolving fund revenue refunding bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Jefferies & Co. as the senior manager. The co-managers are BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC.
The bonds are due 2013 and 2018 to 2029.
Proceeds will be used to refund the authority's series 2007 bonds.
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