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Louisiana organizes $73.43 million gasoline and fuels tax bonds deal
By Sheri Kasprzak
New York, Oct. 9 - The State of Louisiana plans to price $73,425,000 of series 2013C gasoline and fuels tax revenue refunding bonds, according to a preliminary official statement.
The offering includes $58.85 million of series 2013C-1 bonds and $14,575,000 of series 2013C-2 bonds.
The bonds (Aa2/AA/AA-) will be sold on a negotiated basis with Goldman, Sachs & Co. as the underwriter.
The 2013C-1 bonds are due 2024 to 2033 with term bonds due in 2038 and 2043. The 2013C-2 bonds are due 2014 to 2023.
Proceeds will be used to refund the state's series 2009 gasoline and fuels tax revenue bonds and terminate related interest rate swap agreements.
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