Louisiana organizes $459.64 million gasoline and fuels tax bond sale

By Sheri Kasprzak

New York, Jan. 14 – The State of Louisiana is set to price $459.64 million of series 2015 gasoline and fuels tax revenue refunding bonds, according to a preliminary official statement.

The offering includes $411,875,000 of series 2015A bonds (Aa1/AA/) and $47,765,000 of series 2015B bonds (Aa2/AA/).

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager. The co-managers are BofA Merrill Lynch, Loop Capital Markets LLC and Raymond James/Morgan Keegan.

The maturities have not been set.

Proceeds will be used to refund existing debt.

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