旼컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴커 � First Issue of Virginia Public Facilities Bonds Sold Page 82 � 쳐컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴캑 � RICHMOND, 1-8/US Newswire: State Treasurer Moore announced that the first � � issue of Commonwealth of Virginia Public Facilities Bonds were sold. Gov. � � Wilder joined the Treasury Board in accepting bids for the $100 million � � bond issue, which will provide funds for capital projects for higher � � educational facilities, parks & recreational facilities & mental health � � facilities. The bonds, which were approved by voters of the commonwealth, � � will be backed by a pledge of the full faith & credit of the commonwealth.� � Wilder stated he was very pleased with the results of the bond sale. "I � � am pleased the commonwealth could so quickly implement a bond financing � � that the voters approved just last November. These funds should greatly � � assist in priming the pump of the commonwealth's economy." The bonds were � � sold to a syndicate of underwriters headed by The First Boston Corp. The � � syndicate included Craigie Inc. & Davenport & Co. Inc., both of Richmond. � � The low bid resulted in a true interest cost of 5.5136%. True interest � � cost is a common measure of the cost of borrowing, & was the basis of the � � award of the bonds. Moore stated the bids received were quite aggressive.� � "We received 5 bids for the bonds, ranging from 5.5136% to 5.5350%. The � � small difference between the high & low bids indicates that the market � � understands & appreciates the commonwealth's high credit quality." VA is � � 1 of 5 states to hold Triple A rating from the 3 credit rating agencies. � 읕컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴컴켸