Louisiana coordinates $238.02 million gas and fuels tax bond offering

By Sheri Kasprzak

New York, July 2 – The State of Louisiana is set to price $238.02 million of series 2014B gasoline and fuels tax revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa1/AA/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Loop Capital Markets LLC.

The bonds are due 2017 and 2027 to 2036 with a term bond due in 2039.

Proceeds will be used to refund the state’s series 2005A and 2006A gasoline and fuels tax revenue bonds.

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