East Baton Rouge Sewerage, La., to price $341.35 million revenue bonds

By Sheri Kasprzak

New York, Dec. 3 – The East Baton Rouge Sewerage Commission of Louisiana is set to price $341.35 million of series 2014 revenue refunding bonds, according to a preliminary official statement.

The offering includes $133.77 million of series 2014A taxable bonds and $207.58 million of series 2014B tax-exempt bonds.

The bonds (Aa3/AA-/AA) will be sold through J.P. Morgan Securities LLC and Citigroup Global Markets Inc. The co-managers are Loop Capital Markets LLC, Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC and Stephens Inc.

The 2014A bonds are due 2019 to 2031, and the 2014B bonds are due 2020 to 2039.

Proceeds will be used to refund the commission’s series 2006A-B and 2009A revenue bonds.

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