Louisiana organizes $580.7 million sale of G.O. refunding bonds

By Sheri Kasprzak

New York, June 13 - The State of Louisiana plans to come to market with $580.7 million of series 2012 general obligation refunding bonds, according to a preliminary official statement.

The deal includes $436,365,000 of series 2012C tax-exempt bonds and $144,335,000 of series 2012D taxable bonds.

The bonds will be sold through J.P. Morgan Securities LLC. The co-managers are Barclays Capital Inc., Loop Capital Markets LLC, Raymond James/Morgan Keegan, Southwest Securities Inc. and Stephens Inc.

The 2012C bonds are due 2020 to 2026, and the 2012D bonds are due June 15, 2020.

Proceeds will be used to refund the state's series 2004A, 2006B-C and 2009A G.O. bonds.

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