Louisiana plans $375.22 million sale of G.O. refunding bonds Tuesday

By Sheri Kasprzak

New York, Sept. 30 - The State of Louisiana is expected to come to market with $375.22 million in series 2010 general obligation refunding bonds on Tuesday, according to a preliminary official statement.

The offering includes $213.66 million in series 2010A bonds and $161.56 million in series 2010B bonds.

The bonds (Aa2/AA-/AA) will be sold on a competitive basis with Government Finance Associates Inc. as the financial adviser.

The 2010A bonds are due 2013 to 2022, and the 2010B bonds are due 2011 to 2021.

Proceeds will be used to refund the state's outstanding series 2000A, 2002A, 2003A and 2004A bonds.

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