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Louisiana Stadium extends auction period for 2006C convertible bonds
By Marisa Wong
Madison, Wis., March 25 - Louisiana Stadium and Exposition District gave notice that the auction period for its $69.15 million of outstanding insured taxable/tax-exempt convertible revenue and refunding bonds, series 2006C, will be converted to a 270-day flexible auction period from a 35-day flexible auction period.
The State of Louisiana plans to purchase the bonds at auction on Aug. 8.
If sufficient clearing bids are received on the auction date, the change in length of the auction period will become effective April 11.
The new auction period will end on Jan. 1, 2012, and the interest payment date will be Jan. 2, 2012.
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