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East Baton Rouge Sewerage, La., to price $375.38 million in bonds, BABs
By Sheri Kasprzak
New York, May 17 - The East Baton Rouge Sewerage Commission of Louisiana is expected to sell $375.375 million in series 2010 revenue bonds on Thursday, according to a sales calendar.
The bonds (Aa2/AA-/AA) will be sold through J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. The co-managers are Jackson Securities Inc., Loop Capital Markets LLC, Morgan Keegan & Co. Inc., Siebert Brandford Shank & Co. LLC and Stephens Inc.
The sale includes $15.52 million in series 2010A tax-exempt bonds and $359.855 million in series 2010B Build America Bonds.
The 2010A bonds are due 2011 to 2014 and the 2010B bonds are due 2015 to 2025 with term bonds due 2030 and 2045.
Proceeds will be used to improve, expand, acquire and construct improvements to the sewerage system in East Baton Rouge, La.
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