Louisiana refunds $170.34 million of 2007 Hurricane Recovery bonds

By Tali Rackner

Norfolk, Va., Aug. 28 – The Louisiana Public Facilities Authority said it will redeem $170.34 million of its series 2007 revenue bonds issued for the Hurricane Recovery Program, according to a notice.

The following will be redeemed at par plus accrued interest on June 1, 2017:

• $13.65 million of 5% bonds due June 1, 2018;

• $14.33 million of 5% bonds due June 1, 2019;

• $15.05 million of 5% bonds due June 1, 2020;

• $15.8 million of 5% bonds due June 1, 2021;

• $16.59 million of 4.375% bonds due June 1, 2022;

• $9 million of 5% bonds due June 1, 2023;

• $8,315,000 of 4.5% bonds due June 1, 2023; and

• $77,605,000 of 4.5% bonds due June 1, 2027.

Whitney Bank is the trustee.

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