Virginia Public School Authority to sell $70.09 million bonds Thursday

By Sheri Kasprzak

New York, April 23 - The Virginia Public School Authority is prepared to price $70.09 million of series 2012B school financing bonds on Thursday, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold competitively with BB&T Capital Markets as the financial adviser.

The bonds are due 2013 to 2032.

Proceeds will be used to purchase general obligation school bonds issued by certain Virginia localities that are to use the proceeds for capital projects for their public schools.

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