Louisiana Flaunts Double Upgrade With $290 Million Sale

DeSue, Tedra
May 2003
Bond Buyer;5/1/2003, Vol. 344 Issue 31626, p38
Trade Publication
Louisiana will come to the bond market with 290 million dollars of general obligation bonds in late May 1, 2003 its once-troubled credit supported by improved ratings that should reduce borrowing costs. The bonds will be sold competitively on May 15 via i-Deal's Parity electronic bidding system. They will have maturities ranging from May 1, 2004, through May 1, 2023. Insurance can be purchased at the bidder's option and those associated with thedeal say this week's rating upgrade for the state could result in a lower bond insurance premium.


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