WASHINGTON — The University of Virginia, one of the first issuers to plunge into Build America Bonds, returns to the market with a $190 million competitive deal scheduled for Wednesday.

UVA and the University of Minnesota were the first to sell BABs on April 15, 2009 — about two months after the taxable securities were created by the American Recovery and Reinvestment Act. Since then, issuers have priced $120 billion of BABs, opening state and local government debt to new buyers here and overseas.

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