Louisiana to bring $324.78 million G.O, G.O. refunding bonds Oct. 27

By Sheri Kasprzak

New York, Oct. 15 - Louisiana will bring to market $324.78 million in series 2009 general obligation and G.O. refunding bonds on Oct. 27, according to a preliminary official statement.

The offering includes $200 million in series 2009A G.O. bonds and $124.78 million in series 2009B G.O. refunding bonds.

The bonds (A1/AA-/AA) will be sold on a competitive basis with Government Finance Associates Inc. as the financial adviser.

The maturity dates have not yet been set.

Proceeds will be used to refund the state's series 1998A bonds, as well as to fund capital projects.

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