Louisiana Bond Commission Approves Batch of New Deals

DeSue, Tedra
January 2005
Bond Buyer;1/24/2005, Vol. 351 Issue 32055, p3
Trade Publication
This article presents information related to new-money debt requests issued by Louisiana Bond Commission. Local governments wishing to cash in on favorable interest rates made up a large portion of the issuers who put bond requests before the Louisiana State Bond Commission's monthly meeting on Thursday. Officials anticipate interest rates somewhere between 3% and 3.875%, compared to the 5.25% to 5.85% currently being paid on the bonds sold in 1999. That would generate present value savings of 5.736%, or roughly $4.4 million.


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