Louisiana preps $303.13 million Libor index refunding bond offering

By Sheri Kasprzak

New York, May 9 - The State of Louisiana is expected to sell $303,125,000 of series 2013B Libor index gasoline and fuels tax revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa2/AA/AA-) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager.

The deal includes $200 million of series 2013B-1 Libor index bonds and $103,125,000 of series 2013B-2 Libor index bonds.

Both bonds are due in 2043.

Proceeds will be used to refund the state's series 2009A-1 and series 2010A revenue bonds.

© 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.