East Baton Rouge Sewerage Commission, La., preps sale of revenue bonds

By Sheri Kasprzak

New York, July 20 - The East Baton Rouge Sewerage Commission of Louisiana plans to price $202.5 million of series 2011A Libor index revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/AA) will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the senior managers. The co-managers are Jackson Securities Inc., Loop Capital Markets LLC, Morgan Keegan & Co. Inc., Siebert Brandford Shank & Co. LLC and Stephens Inc.

The bonds are due 2012 to 2014 with a term bond due Feb. 1, 2046. The 2046 bonds have a mandatory tender date of Aug. 1, 2014.

Proceeds will be used to fund expansion, repair and capacity enhancement projects through 2014.

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