Louisiana defeases 2006A, 2010B gasoline and fuels tax revenue bonds

By Tali Rackner

Norfolk, Va., Feb. 19 – The State of Louisiana defeased its 2006 series A and 2010 series B gasoline and fuels tax revenue bonds, according to two notices.

The following 2006A bonds, totaling $608.12 million, will be redeemed on May 1, 2016:

• $10.55 million of 4.625% bonds due May 1, 2036;

• $282.57 million of 4.75% bonds due May 1, 2039;

• $200 million of 4.5% bonds due May 1, 2041; and

• $115 million of 5% bonds due May 1, 2041.

The following 2010B second-lien bonds, totaling $41.86 million, will be redeemed on May 1, 2020:

• $6,155,000 of 5% bonds due May 1, 2021;

• $6.46 million of 5% bonds due May 1, 2022;

• $6,785,000 of 5% bonds due May 1, 2023;

• $7,125,000 of 5% bonds due May 1, 2024;

• $7.48 million of 5% bonds due May 1, 2025; and

• $7,855,000 of 5% bonds due May 1, 2026.

Whitney Bank is the trustee.

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