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Louisiana to price $405.3 million fuel tax revenue bonds Tuesday
By Sheri Kasprzak
New York, Aug. 13 - The State of Louisiana is gearing up to bring to market $405.3 million in series 2010B second-lien gasoline and fuel tax revenue bonds on Tuesday, according to a calendar of upcoming deals. A retail order period is set for Monday.
The bonds (Aa2/AA/) will be sold through Goldman Sachs & Co. and Citigroup Global Markets Inc. The co-managers are Morgan Keegan & Co. Inc., Stephens Inc., Loop Capital Markets LLC and Sterne, Agee & Leach Inc.
The bonds are due 2013 to 2030 with term bonds due 2035, 2040 and 2045.
Proceeds will be used to construct and maintain the New Florida Avenue Bridge and the Interstate 12 to Bush Highway project, also known as Louisiana Highway 3241.
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