Post-Katrina, Louisiana Road Project Faces Rising Costs

DeSue, Tedra
February 2006
Bond Buyer;2/1/2006, Vol. 355 Issue 32310, p40
Trade Publication
The article reports that the Louisiana Transportation Authority has sold 161 million dollars of bonds to help fund toll road costs in Louisiana. Citigroup Global Markets Inc. was the book-runner for the deal. Ambac Assurance Corp. insured the senior-lien bonds. The structure of the bonds composed of 95 million dollar of senior-lien toll revenue bonds and 66 million dollars of subordinate lien bond anticipation notes.


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