TITLE

Louisiana Set to Sell $650 Million GO Refunding Today

AUTHOR(S)
Desue, Tedra
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/12/2005, Vol. 351 Issue 32048, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that officials of the Louisiana state have planned to come with a US$650 million general obligation refunding deal. The early estimates indicate that it could generate a net present-value savings of 4.3%, or US$28.1 million. The bonds will be sold through negotiation with Citigroup Global Markets Inc. as book-runner. MBIA Insurance Corp. is insuring the deal. Fitch Ratings Inc. and Standard & Poor's Corp. have assigned A-plus ratings to the deal, while Moody's Investors Service Inc. has assigned an A1 rating.
ACCESSION #
15627550

 

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