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Louisiana Agency OKs $200 Million Refunding by New Orleans

Correction: An earlier version included an incorrect listing of underwriters. Underwriters have not yet been selected.

The Louisiana State Bond Commission gave approval Thursday to New Orleans' request for taxable refunding issue of up to $200 million in late August.

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Comments (1)
The Preliminary Official Statement released this week pertains to the General Obligation Refunding Bonds, Series 2012 to be issued through the New Orleans Board of Liquidation, City Debt on behalf of the City of New Orleans, scheduled to be delivered on or around August 28, 2012. The Underwriting Syndicate of CitiGroup, Bank of America/Merrill Lynch, Dorsey & Co.,Loop Capital Markets, Morgan Stanley, Raymond James/Morgan Keegan, and Stephens Inc. pertains to the GO Refunding 2012 as well. The Pension Bonds are issued through the City of New Orleans and no underwriter has been selected at this time. These are two separate bond issues and the preliminary official statement for the GO Refunding Bonds 2012 can be viewed and downloaded at www.boardofliquidation.com for further information.
David W. Gernhauser
Secretary
New Orleans Board of Liquidation, City Debt
Posted by David G | Friday, July 20 2012 at 10:46AM ET
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