Chesapeake, Va., plans to sell $60.3 million G.O. bonds Wednesday

By Sheri Kasprzak

New York, March 19 - The City of Chesapeake, Va., plans to sell $60.3 million of series 2012 general obligation bonds on Wednesday, according to a sales calendar.

The bonds (Aa1//AAA) will be sold through Wells Fargo Securities LLC.

The deal includes $16.9 million of series 2012A G.O. public improvement refunding bonds, $17.2 million of series 2012B G.O. water and sewer refunding bonds and $26.2 million of series 2012C taxable G.O. school refunding bonds.

Proceeds will be used to advance refund several existing bonds for a debt service savings.

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