Louisiana coordinates $496.44 million general obligation bond offering

By Sheri Kasprzak

New York, Feb. 4 - The State of Louisiana plans to price $496.44 million of series 2014 general obligation bonds, according to a preliminary official statement. Pricing is slated for Feb. 11.

The deal includes $347,165,000 of series 2014A G.O. bonds and $149,275,000 of series 2014B taxable G.O. bonds.

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

The 2014A bonds are due 2017 to 2034. The 2014B bonds are due 2015 to 2020.

Proceeds will be used to finance a variety of capital outlay projects.

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