CHESTERFIELD, VA (WWBT) - Chesterfield County will issue $50 million in bonds to help build new schools throughout the county.
The bond sale is part of a 2013 referendum and will fund replacing five elementary schools – Matoaca, Harrowgate, Reams, Crestwood and Ettrick – and a new Old Hundred Elementary School plus maintenance to other schools in the county.
The bonds will be issued to the public beginning July 11.
Anyone interested in purchasing a bond should contact Raymond James at (804) 225-1129, Bank of America Merill Lynch at (804) 780-1400 or Wells Fargo Securities (804) 651-7077.
The county's AAA credit rating was re-certified prior to the bond sale meaning the county qualifies for the lowest interest rate on borrowed funds.
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