Louisiana Stadium and Exposition District will bid on $84.675 million series 2006 auction-rate bonds

By Sheri Kasprzak

New York, April 24 - The Louisiana Stadium and Exposition District plans to bid on $84.675 million in series 2006 tax-exempt revenue and refunding bonds, a notice said Thursday.

The district plans to bid the higher of 2.9% or the prevailing Sifma Municipal Swap index.

The next auction will be held April 29.

In the most recent auction, held April 22, the clearing rate was 10% with an 11.75% high bid. The low bid was 6%. Seventeen bids were made in the last auction.

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