West Virginia Economic Development intends to sell $105.48 million revenue refunding bonds

By Sheri Kasprzak

New York, March 29 - The West Virginia Economic Development Authority is set to price $105.48 million of series 2012 lease revenue refunding bonds, according to a preliminary official statement.

The deal includes $84,225,000 of series 2012A correctional, juvenile and public safety revenue refunding bonds and $21,255,000 of series 2012B West Virginia Department of Environment Protection Office Building revenue refunding bonds.

The bonds (Aa2//AA) will be sold through Citigroup Global Markets Inc. with Janney Montgomery Scott LLC, Raymond James & Associates Inc. and RBC Capital Markets LLC as the co-managers.

The 2012A bonds are due 2013 to 2029, and the 2012B bonds are due 2012 to 2029.

Proceeds will be used to current refund the authority's series 2002A-B revenue bonds and advance refund its series 2003A and 2004A revenue bonds.

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