Louisiana to sell $258.18 million general obligation refunding bonds

By Cristal Cody

Tupelo, Miss., Nov. 13 – The State of Louisiana plans to price $258.18 million of general obligation refunding bonds (Aa2/AA/AA), according to a preliminary official statement.

The series 2014C bonds have serial maturities from 2019 through 2029.

J.P. Morgan Securities LLC is the bookrunner for the negotiated offering. The co-managers are Jefferies & Co., First Southwest Co. and Loop Capital Markets LLC.

Proceeds from the deal will be used to advance refund all or a portion of the state’s outstanding series 2006C, series 2009A, series 2011A and series 2012A G.O. bonds.

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