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Article: VA. Public School Authority $132.6M Bonds Rated 'AA' By Fitch -- Fitch Financial Wire --
- Article from:
- PR Newswire
- Article date:
- October 24, 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. 24 /PRNewswire/ -- Virginia Public School Authority's $132,640,000 school financing bonds (1991 Resolution), series 1996B, are rated 'AA' by Fitch Investors Service. To be offered for bids Oct. 30, the bonds will be due Aug. 1, 1997-2017 and optionally callable beginning Aug. 1, 2006 at 102%. Bidders may designate term bonds with mandatory sinking fund redemption and the authority may alter each maturity by $350,000 ($750,000 for 2017 maturity), up to a total of $2,500,000.
The bonds are the ninth issue under the separately secured 1991 Resolution and are on parity with $514.4 million outstanding bonds. They are payable from pledged funds, ...