|CHARLESTON, WV – Gov. Jim Justice said today that 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.
“These bonds are part of a program that will finance over $2 billion dollars in road infrastructure improvements,” said Gov. Justice. “The projects will rebuild and reconstruct West Virginia’s aging roads and bridges as well as starting up several new highways projects.
“This is your chance as a West Virginian to invest directly in the Mountain State’s future, and help move our state forward for generations to come.”
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. This press release is not an offer to sell bonds; bonds may only be offered through a preliminary official statement and be purchased through a registered broker. Additional information relating to the bonds may be found at InvestorRelations.wv.gov.