Louisiana to sell $60.63 million gasoline and fuels tax revenue BABs

By Sheri Kasprzak

New York, June 23 - The state of Louisiana is set to sell $60.625 million in series 2009A-4 gasoline and fuels tax second-lien revenue Build America Bonds, according to a preliminary official statement. Pricing is expected for June.

The bonds (Aa3/AA/) will be sold through lead manager Citigroup Global Markets Inc.

The bonds are due May 1, 2043.

Proceeds will be used to construct bridge and highway projects in the state.

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