Louisiana set to sell $155 million in Build America Bonds in early May

By Sheri Kasprzak

New York, April 30 - The state of Louisiana plans to sell $155 million in series 2009A-2 taxable gasoline and fuels second-lien revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA/) are Build America Bonds and bear interest at the London Interbank Offered Rate.

The bonds are due May 1, 2043, and will be sold through Morgan Keegan & Co.

The sale is expected to take place in early May.

Proceeds will be used to construct highways and bridges.

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