By Sheri Kasprzak
New York, Nov. 19 - The Lake Charles Harbor and Terminal District of Louisiana sold $90 million of series 2010 revenue bonds on Thursday for Lake Charles Cogeneration LLC, according to a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc. and are due Nov. 1, 2040. The bonds have a 0.37% coupon priced at par.
Proceeds will be used to develop, design, acquire, equip, construct and install a poly-generation gasification facility in Calcasieu Parish, La., capable of producing chemicals, carbon dioxide, substitute natural gas and other industrial products.
Based in Lake Charles, the district operates the city's marine terminals. Lake Charles Cogeneration operates a petroleum coke gasification plant.
| Issuer: | Lake Charles Harbor and Terminal District/Lake Charles Cogeneration LLC
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $90 million
|
| Maturity: | Nov. 1, 2040
|
| Coupon: | 0.37%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc., Morgan Keegan & Co. Inc. (lead)
|
| Pricing date: | Nov. 19
|
| Settlement date: | Dec. 2
|
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