Louisiana plans $177.13 million of G.O. refunding Libor index bonds

By Sheri Kasprzak

New York, May 19 - The State of Louisiana is set to price $177.13 million of series 2011-1 general obligation refunding Libor index bonds, said a preliminary official statement.

The bonds (Aa2/AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager.

The bonds are due July 15, 2014.

Proceeds will be used to refund the state's series 2006A-B general obligation bonds.

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