Lake Charles Harbor and Terminal, La., to sell $261 million Lake Charles Cogeneration bonds

By Sheri Kasprzak

New York, Dec. 17 - The Lake Charles Harbor and Terminal District of Louisiana is expected to sell $261 million of series 2010 revenue bonds for Lake Charles Cogeneration LLC, according to a preliminary official statement.

The offering includes $161 million of series 2010A bonds and $100 million of series 2010B bonds.

Both series of bonds are due Nov. 1, 2040.

Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc. are the senior managers for the bonds (Aaa/VMIG1).

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

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