Storming Back to Market

de Sue, Tedra
June 2006
Bond Buyer;6/29/2006, Vol. 356 Issue 32413, p1
Trade Publication
The article reports developments on the first debt issuance of Louisiana since hurricanes Katrina and Rita affected the state. According to reports, the $400 million deal that will include about $200 million of rarely seen tax-credit bonds are being issued under the federal Gulf Zone Opportunity Act of 2005. The state will also sell $200 million of general obligation debt and enter into a forward swap related to bonds that will be sold in 2008 to refund the tax credit bonds.


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