Louisiana coordinates $201.68 million highway revenue bond offering

By Sheri Kasprzak

New York, Feb. 11 - The State of Louisiana plans to price $201.68 million of series 2014A state highway improvement revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Stephens Inc.

The bonds are due 2015 to 2034.

Proceeds will be used to finance capital improvements to state highways.

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