New Issue: Lake Charles Harbor and Terminal District, La., sells $309 million of revenue bonds

By Sheri Kasprzak

New York, Dec. 20 - The Lake Charles Harbor and Terminal District of Louisiana priced $309 million of series 2012 revenue bonds for the Lake Charles Clean Energy LLC project, according to a term sheet.

The bonds (P-1) were sold through Citigroup Global Markets Inc.

The bonds are due 2042 and have an initial rate of 0.19% until the original termination date in July 2013.

Proceeds will be used to construct a poly-generation gasification plant in Calcasieu Parish, La.

Issuer:	Lake Charles Harbor and Terminal District/Lake Charles Clean Energy LLC
Issue:	Series 2012 revenue bonds
Amount:	$309 million
Maturity:	Dec. 1, 2042
Coupon:	0.19% (initial)
Original termination:	July 1, 2013
Type:	Negotiated
Underwriter:	Citigroup Global Markets Inc.
Ratings:	Moody's: P-1
Pricing date:	Dec. 18
Settlement date:	Dec. 27

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