Bond Virginia
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
- various schools
- correction facilities
- roads
- sewer systems
- port of entries
- healthcare facilities
Municipal bond specifically means a debt security issued by a state, municipality or county to finance its capital expenditures. Municipal bonds are exempted from federal taxes as well as from most state and local taxes.[br]
Virginia’s state and local governments issue municipal bonds so as to develop:
- various schools
- correction facilities
- roads
- sewer systems
- port of entries
- healthcare facilities
Bond Virginia: Various Trades
The various trades include:
Prince William Hospital: Fitch Ratings gave an A rating to $72 million in revenue bonds for Prince William Hospital (CUSIP: 561826AX6) in Manassas, VA on October 2002. UBS Paine Webber was the underwriter for this deal.
The bond will fund:
· Construction of a new emergency department
· A new neo natal center
· Expansion of diagnostic services
· Renovation of surgical suites
The bond matures in April 2033 and has a coupon of 5.25%.
Stafford County: The Economic Development Authority (EDA) of Stafford County (CUSIP: 852432AN3) , Virginia, issued Lease Revenue Bonds for the County of Stafford Public Facility Projects to the amount of $95.32 million for the development of seven projects. The deal, made on Dec 2007 encompasses:
· Redevelopment of Boswell’s Corner
· Redevelopment of Courthouse
· Redevelopment of Falmouth and Southern Gateway
· Construction of Governor’s Career and Technical Academy
The bond matures on April 2021 and has a coupon of 4.625%.
West Virginia Hospital: The West Virginia Hospital Finance Authority was issued $100.9 million bonds by the Hospital Revenue Refunding and Improvement Bonds agency on June 2008.[br]
The total bond issuance was divided into two parts:
· $50,450,000
2004 Series B
Due January 1, 2034
CUSIP: 956622VZ4
· $50,450,000
2004 Series C
Due January 1, 2034
CUSIP: 956622WA8
The bond carries a coupon of 5.5%.
Virginia Public School Authority: Fitch has assigned an AAA+ rating to $ 287.6 million bonds to Virginia Public School Authority (VPSA) School financing on Feb 2009. The bond is meant to improve the infrastructure and technology development of all schools under its authority. The outlook of the deal, according to Fitch, is stable.
Prince William County: The Prince William County Service Authority of Virginia on May’ 91 was priced at $113.4 million in tax-exempt bonds for water and sewer system improvement. It has a maximum yield of 6.8 % for the issue due in 2021, through underwriters led by Graigie Inc.
