By Sheri Kasprzak
New York, March 1 - The State of Louisiana priced $300 million of series 2011A general obligation bonds Tuesday, said a pricing sheet.
The bonds (Aa2/AA) were sold competitively with Barclays Capital Inc. winning the bid.
The bonds are due 2011 to 2030 with 2% to 5% coupons.
Proceeds will be used to fund general government, veterans' affairs, elected officials, economic development, culture, recreation, tourism, corrections, public safety, hospitals, education, legislative and non-state entities expenses.
| Issuer: | State of Louisiana
|
| Issue: | Series 2011A general obligation bonds
|
| Amount: | $300 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc.
|
| Ratings: | Moody's: Aa2
|
| Fitch: AA
|
| Pricing date: | March 1
|
| Settlement date: | March 10
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.39 million | 2011 | Serial | 2% | 100.796
|
| $10.6 million | 2012 | Serial | 3% | 103.519
|
| $10.815 million | 2013 | Serial | 4% | 107.443
|
| $11.09 million | 2014 | Serial | 5% | 112.531
|
| $11.425 million | 2015 | Serial | 5% | 114.115
|
| $11.805 million | 2016 | Serial | 5% | 115.483
|
| $12.225 million | 2017 | Serial | 5% | 116.221
|
| $12.69 million | 2018 | Serial | 5% | 116.651
|
| $13.21 million | 2019 | Serial | 5% | 116.823
|
| $13.75 million | 2020 | Serial | 5% | 116.387
|
| $14.385 million | 2021 | Serial | 5% | 115.912
|
| $15.12 million | 2022 | Serial | 5% | 114.788
|
| $15.895 million | 2023 | Serial | 5% | 113.753
|
| $16.71 million | 2024 | Serial | 5% | 112.788
|
| $17.57 million | 2025 | Serial | 5% | 111.842
|
| $18.47 million | 2026 | Serial | 4.125% | 98.592
|
| $19.415 million | 2027 | Serial | 5% | 110.322
|
| $20.415 million | 2028 | Serial | 5% | 109.572
|
| $21.46 million | 2029 | Serial | 5% | 108.86
|
| $22.56 million | 2030 | Serial | 5% | 108.066
|
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