Louisiana plans $515.11 million sale of gasoline and fuels tax bonds

By Sheri Kasprzak

New York, April 23 - The State of Louisiana is set to price $515,105,000 of series 2012-1 gasoline and fuels tax revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa1//AA-) will be sold through senior manager Citigroup Global Markets Inc. The co-managers are Jefferies & Co., Raymond James/Morgan Keegan, Dorsey and Co. Inc., Loop Capital Markets Inc. and Stephens Inc.

The bonds are due 2013 to 2032.

Proceeds will be used to refund the state's series 2002A revenue bonds and advance refund its series 2005A and 2006A revenue bonds.

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