West Virginia School Building Authority plans $64.91 million bond sale

By Sheri Kasprzak

New York, Oct. 28 – The West Virginia School Building Authority is expected to price $64.91 million of series 2015A excess lottery revenue refunding bonds, according to a preliminary official statement.

The bonds (A1/AAA/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager. The co-managers are Piper Jaffray & Co. and BofA Merrill Lynch.

The bonds are due 2016 to 2028.

Proceeds will be used to construct, improve, acquire and equip existing and new school facilities.

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