VRA Plunging Into SRF Market for Its Largest-Ever Sale

Vadum, Matthew
May 2004
Bond Buyer;5/13/2004, Vol. 348 Issue 31883, p32
Trade Publication
Reports that the Virginia Resources Authority is preparing to sell as much as $165 million in clean water revenue bonds. Leveraging of the federal capitalization grants provided through the U.S. Environmental Protection Agency's clean water state revolving loan fund; Optimism expressed by Lisa Daniel, a financial adviser working on the transaction; Enhancement of the bonds' credit rating through the state's issuance of moral obligation debt.


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