Virginia coordinates $128.27 million sale of general obligation bonds

By Sheri Kasprzak

New York, March 20 - The Commonwealth of Virginia plans to price $128.27 million of series 2014 general obligation bonds on March 27, according to a preliminary official statement.

The offering includes $63,815,000 of series 2014A G.O. bonds and $64,455,000 of series 2014B G.O. refunding bonds.

The bonds will be sold competitively with Public Resources Advisory Group as the financial adviser.

The 2014A bonds are due 2015 to 2034. The 2014B bonds are due 2015 to 2020.

Proceeds will be used to finance capital projects, as well as to refund the state's series 2004B G.O. bonds.

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