Louisiana intends to price $300 million of G.O. bonds March 1

By Sheri Kasprzak

New York, Feb. 18 - The State of Louisiana plans to come to market with $300 million of series 2011A general obligation bonds on March 1, according to a preliminary official statement.

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

The bonds are due 2011 to 2030.

Proceeds will be deposited into the state's Comprehensive Capital Outlay Escrow Fund for general government; veterans' affairs; elected officials; economic development; culture, recreation and tourism; corrections and public safety; hospitals; education; legislative; and non-state entities expenses.

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