Newport News, Va., plans to price $52.5 million bonds April 21-22

By Sheri Kasprzak

New York, April 9 - Newport News, Va., is slated to sell $52.495 million in series 2009 general obligation general improvement and G.O. general improvement refunding bonds, according to a notice of sale.

The deal includes $30 million in series 2009A G.O. general improvement bonds and $22.495 million in series 2009B G.O. general improvement refunding bonds.

The 2009A bonds (Aa2) are due 2011 to 2029. The 2009A offering is expected to price April 21.

The 2009B bonds (Aa2) are due 2009 to 2014. The 2009B offering is set to price April 22.

Both bonds will be sold competitively with Public Financial Management Inc. as the financial adviser.

Proceeds will be used to refund the city's series 1998B G.O. water refunding bonds and series 1999A and 1999B G.O. water refunding bonds.

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