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Transportation Board in Virginia to price $121.35 million bonds
By Cristal Cody
Prospect News, Jan. 27 - The Commonwealth Transportation Board in Virginia plans to sell $121.35 million in two tranches of revenue refunding bonds, according to a preliminary official statement.
The offering includes $84,605,000 of series 2012A bonds for the Northern Virginia Transportation District Program and $36,745,000 in series 2012B bonds for the U.S. Route 58 Corridor Development Program.
The series 2012A bonds have serial maturities from 2013 through 2027.
The series 2012B bonds are due from 2013 through 2018.
The bonds will price through a competitive sale on Feb. 1.
Public Resources Advisory Group is the financial adviser.
Proceeds will be used to refund a portion of the outstanding series 2001A revenue bonds, series 2002A revenue and refunding bonds, series 2001B revenue bonds and series 2002B revenue and refunding bonds.
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