Louisiana to sell $249.21 million highway improvement revenue bonds

By Sheri Kasprzak

New York, Jan. 16 - The State of Louisiana plans to price $249,205,000 of series 2013A state highway improvement revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Stephens Inc.

The bonds are due 2014 to 2033.

Proceeds will be used to fund state highway improvements.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.