Louisiana prepares $449 million sale of G.O. bonds for March 1

By Sheri Kasprzak

New York, Feb. 24 - The State of Louisiana is set to price $449 million of series 2012 general obligation bonds, according to a preliminary official statement. Pricing is scheduled for March 1.

The deal includes $400 million of series 2012A G.O. bonds and $49 million of series 2012B G.O. refunding bonds.

The bonds will be sold competitively with Lamont Financial Services Inc. as the financial adviser.

The maturity dates have not been set.

Proceeds will be used to finance general government, health and hospital, elected officials, economic development, non-state, levee districts and ports and education expenses.

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