Louisiana readies $199.99 million sale of general obligation bonds

By Cristal Cody

Tupelo, Miss., Nov. 13 – The State of Louisiana intends to offer $199.99 million of general obligation bonds (Aa2/AA/AA), according to a preliminary official statement.

The deal includes $160.09 million of series 2014D-1 bonds and $39.9 million of series 2014D-2 bonds with serial maturities from 2015 through 2034.

The bonds are scheduled to price competitively on Nov. 20.

Lamont Financial Services Corp. is the financial advisor.

Proceeds will be deposited into a state escrow fund and applied to general government, veterans’ affairs, elected officials, economic development, culture, recreation and tourism, transportation, public safety and corrections, health and hospitals, natural resources, workforce, education, levee districts and ports.

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