Lafayette Public Trust, La., to sell $100.16 million revenue bonds

By Sheri Kasprzak

New York, Nov. 22 - The Lafayette Public Trust Financing Authority of Louisiana is expected to sell $100.16 million of series 2010 revenue bonds for the Ragin' Cajun Facilities Inc. housing and parking project, according to a preliminary official statement.

The bonds (/AA+/BBB+/) will be sold on a negotiated basis with RBC Capital Markets Corp. and Morgan Keegan & Co. Inc. as the senior managers.

The bonds are due 2013 to 2021 with term bonds due 2025, 2031, 2035 and 2041.

Proceeds will be used to construct student housing at the University of Louisiana at Lafayette, as well as other facilities for the university.

Based in Lafayette, La., the authority provides funding for educational, housing and other nonprofit projects throughout the city.

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