Louisiana coordinates $334.99 million sale of general obligation bonds

By Sheri Kasprzak

New York, May 4 – The State of Louisiana is set to price $334.99 million of series 2015 general obligation bonds, according to a preliminary official statement. Pricing is scheduled for Wednesday.

The offering includes $263,475,000 of series 2015A bonds and $71,515,000 of series 2015B bonds.

The bonds (Aa2/AA/AA) will be sold on a competitive basis with Lamont Financial Services Corp. as the financial adviser.

The 2015A bonds are due 2016 to 2035 and the 2015B bonds are due 2016 to 2035.

Proceeds will be used to finance capital projects including those for education, environmental facilities, health and hospitals, housing, economic development, general government, quality of life, public safety, transportation and utilities.

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