West Virginia coordinates $71.98 million of general obligation bonds

By Sheri Kasprzak

New York, Jan. 20 – The State of West Virginia is set to price $71.98 million of series 2015 infrastructure general obligation bonds on Thursday, according to a preliminary official statement.

The offering includes $66,155,000 of series 2015A tax-exempt infrastructure G.O. refunding bonds and $5,825,000 of series 2015B taxable infrastructure G.O. refunding bonds.

The bonds (Aa1/AA/AA+) will be sold on a competitive basis with Public Resources Advisory Group as the financial adviser.

The 2015A bonds are due 2017 to 2026 and the 2015B bonds are due 2015 to 2018.

Proceeds will be used to refund existing G.O. infrastructure bonds.

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