Hampton, Va., to sell $58.61 million G.O. bonds for capital projects

By Sheri Kasprzak

New York, Feb. 25 - The City of Hampton in Virginia plans to bring to market $58.605 million in series 2010 general obligation bonds, according to a preliminary official statement.

The sale includes $52.155 million in series 2010A G.O. public improvement and refunding bonds and $6.45 million in series 2010B taxable G.O. public improvement direct pay Build America Bonds and recovery zone economic development bonds.

The 2010A bonds are due 2011 to 2022, and the 2010B bonds are due 2021 to 2030.

The bonds (Aa2/AA+/AA) will be sold on a negotiated basis with Morgan Keegan & Co. Inc. and Siebert Brandford Shank & Co. LLC.

Proceeds will be used to fund general capital projects throughout the city.

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