Published on 5/23/2013 in the Prospect News Municipals Daily.
New Issue: Louisiana prices $157.82 million general obligation refunding bond offer
By Sheri Kasprzak
New York, May 23 - The State of Louisiana sold $157,815,000 of series 2013C general obligation refunding bonds, said a pricing sheet.
The bonds (Aa2/AA/AA) were sold through Goldman, Sachs & Co. and Raymond James/Morgan Keegan.
The bonds are due 2013 to 2026 with 1.75% to 5% coupons.
Proceeds will be used to refund the state's series 2006A and 2008A G.O. bonds.
| Issuer: | State of Louisiana
|
| Issue: | Series 2013C general obligation refunding bonds
|
| Amount: | $157,815,000
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. and Raymond James/Morgan Keegan (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | May 23
|
| Settlement date: | May 30
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $8,755,000 | 2013 | Serial | 2% | NRO
|
| $8,695,000 | 2014 | Serial | 5% | 105.332
|
| $9,125,000 | 2015 | Serial | 5% | 109.745
|
| $9,515,000 | 2016 | Serial | 5% | 113.634
|
| $1.2 million | 2017 | Serial | 1.75% | 103.805
|
| $8,735,000 | 2017 | Serial | 5% | 116.963
|
| $10.41 million | 2018 | Serial | 5% | 119.767
|
| $10.82 million | 2019 | Serial | 5% | 121.714
|
| $11,315,000 | 2020 | Serial | 5% | 123.185
|
| $11,815,000 | 2021 | Serial | 5% | 124.17
|
| $12.34 million | 2022 | Serial | 5% | 124.717
|
| $12,915,000 | 2023 | Serial | 5% | 125.391
|
| $13.45 million | 2024 | Serial | 5% | 123.853
|
| $14.05 million | 2025 | Serial | 5% | 122.639
|
| $14,675,000 | 2026 | Serial | 5% | 121.638
|
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