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Article: Virginia Treasury Board $25 Million Commercial Paper Rated 'F-1+' By Fitch
- Article from:
- PR Newswire
- Article date:
- October 7, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Oct. 7 /PRNewswire/ -- The Commonwealth of Virginia Treasury Board's $25 million State Instrumentality Notes, 1996 series (commercial paper), are rated 'F-l+' by Fitch Investors Service. The notes are expected to be issued in late October. Goldman Sachs & Co. will be the dealer and Bankers Trust Co. the issuing and paying agent; liquidity will be furnished by the Bank of Nova Scotia, New York Agency. The notes will provide temporary financing for the Virginia Public Building Authority (VPBA), in anticipation of bonds to be issued at a later date.
Virginia is implementing this program to allow its instrumentalities, which issue bonds secured by ...