New Issue: Louisiana brings $85.4 million of 2013A state highway improvement bonds

By Sheri Kasprzak

New York, March 14 - The State of Louisiana brought to market $85.4 million of series 2013A state highway improvement revenue bonds, according to a pricing sheet.

The bonds (Aa3/AA-/AA-) were sold through Citigroup Global Markets Inc.

The bonds are due 2014 to 2033 with 2% to 5% coupons.

Proceeds will be used to fund state highway improvements.

Issuer:	State of Louisiana
Issue:	Series 2013A state highway improvement revenue bonds
Amount:	$85.4 million
Type:	Negotiated
Underwriters:	Citigroup Global Markets Inc. (lead), Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Stephens Inc. (co-managers)
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
	Fitch: AA-
Pricing date:	March 14
Settlement date:	March 28
Amount	Maturity	Type	Coupon	Price
$1.95 million	2014	Serial	2%	102.144
$2,855,000	2015	Serial	3%	105.61
$2.94 million	2016	Serial	4%	110.636
$3.06 million	2017	Serial	4%	113.055
$3.18 million	2018	Serial	4%	114.545
$3.31 million	2019	Serial	5%	121.019
$3,475,000	2020	Serial	5%	122.008
$3.65 million	2021	Serial	5%	122.872
$3.83 million	2022	Serial	5%	123.046
$4,025,000	2023	Serial	5%	123.322
$4,225,000	2024	Serial	5%	121.804
$4,435,000	2025	Serial	5%	120.209
$4,655,000	2026	Serial	5%	119.127
$4.89 million	2027	Serial	5%	118.348
$5,135,000	2028	Serial	5%	117.574
$5.39 million	2029	Serial	5%	116.998
$5.66 million	2030	Serial	5%	116.52
$5,945,000	2031	Serial	5%	116.045
$6.24 million	2032	Serial	5%	115.572
$6.55 million	2033	Serial	5%	115.196

© 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.