Louisiana coordinates $300 million offering of G.O. bonds for May 7

By Sheri Kasprzak

New York, April 24 - The State of Louisiana is expected to price $300 million of series 2013 general obligation bonds for May 7, according to a preliminary official statement.

The deal includes $130.71 million of series 2013A G.O. bonds and $169.29 million of series 2013B taxable G.O. bonds.

The bonds will be sold competitively with Lamont Financial Services Corp. as the financial adviser.

The 2013A bonds are due 2014 to 2033, and the 2013B bonds are due 2014 to 2026.

Proceeds will be used to finance general government, cultural, tourism, recreation, public safety, corrections, transportation and education projects.

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