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Louisiana organizes $121.25 million offering of gas and fuel bonds
By Sheri Kasprzak
New York, April 7 - The State of Louisiana is set to price $121.25 million of series 2014A Libor index gasoline and fuels tax second lien revenue refunding bonds, according to a preliminary official statement.
The bonds (Aa2/AA/AA-) will be sold on a negotiated basis with Raymond James/Morgan Keegan, Jefferies & Co. and RBC Capital Markets LLC.
The bonds are due May 1, 2043.
Proceeds will be used to refund existing debt initially used to finance highway and bridge construction projects.
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