Commissioner of Highways, W.Va., to sell $74.46 million notes

By Cristal Cody

Tupelo, Miss., Feb. 23 - The West Virginia Commissioner of Highways intends to price $74.46 million in special obligation notes, according to a preliminary official statement.

The series 2009A surface transportation improvements notes (/AA-/) will be sold through a negotiated sale led by senior manager Merrill Lynch & Co.

BB&T Capital Markets, Crews & Associates, Inc. and Raymond James & Associates, Inc. are the co-managers.

The proceeds will be used to fund transportation projects and to reimburse the state $14 million for project expenditures.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.