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Published on 1/8/2009 in the Prospect News Municipals Daily.

New Issue: Virginia College Building Authority prices $309 million revenue bonds at 0.59% to 5.07%

By Aaron Hochman-Zimmerman

New York, Jan. 8 - The Virginia College Building Authority priced $309 million in series 2009A educational facilities revenue bonds (Aa1), according to the authority's director, Evelyn Whitley.

The bonds carry yields from 0.59% to 5.07%.

Citigroup acted as the underwriter for the bonds, which carry maturities from 2009 to 2038.

Proceeds will be used for the acquisition of notes issued by nine state higher educational institutions.

Issuer: Virginia College Building Authority

Issue: Series 2009A educational facilities revenue bonds

Amount: $309 million

Maturity range:2009 to 2038
Yield range:0.59% to 5.07%
Pricing date: Dec. 8
Underwriter: Citigroup
Ratings:Moody's: Aa1

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