West Virginia to begin selling $800 million in road bonds

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CHARLESTON, WV (WTAP) - On Monday, May 21, the State of West Virginia will start selling $800 million in bonds to fund the $2 billion Roads to Prosperity project.

The State of West Virginia will be offering $800 million in General Obligation State Road Bonds for the Roads to Prosperity Program, beginning on Monday, May 21, 2018, with the sale of Series 2018A Bonds prioritizing West Virginia residents.

The bonds carry the State’s strong credit ratings of “AA2”, “AA-”, and “AA” by Moody’s, S&P Global Ratings and Fitch Ratings, respectively, and have maturities ranging from 1 to 25 years.

The bonds are part of a $2 billion program to rebuild West Virginia’s aging roads and bridges, and to build new road projects.

West Virginia residents can purchase tax-exempt bonds by contacting one of 15 firms in the underwriting syndicate and selling group led by Bank of America Merrill Lynch.

Additional information relating to the bonds may be found at the link under the "Related Links" section of this story.

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