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Article: VIRGINIA PUBLIC SCHOOL AUTHORITY $120.8 MILLION BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

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PR Newswire
Article date:
November 21, 1995
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NEW YORK, Nov. 21 /PRNewswire/ -- Virginia Public School Authority's $120,815,000 School Financing Bonds (1991 Resolution), Series 1995C are rated "AA" by Fitch. To be offered for bids Nov. 28, the bonds will be due Aug. 1, 1996-2016, and optionally callable beginning Aug. 1, 2005 at 102%. Bidders may designate term bonds with mandatory sinking fund redemption and the authority may increase each maturity by $250,000 up to a total of $2,500,000.

The bonds are the 7th issue under the separately secured 1991 Resolution and are parity with $366.1 million bonds outstanding. The bonds are payable from pledged funds including repayment of authority loans to local ...

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