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The Louisiana Public Facilities Authority will issue the public facilities bonds for Louisiana State University's Baton Rouge campus' South Quad IV Project. Two freshman residence halls with a total of 1,100 beds and parking will be constructed with the proceeds, according to Angela Adolph, partner at bond counsel Kean Miller LLP.
Repayment will come from rents on the on-campus housing.
RBC Capital Markets will underwrite the deal, a portion of which may be sold as taxable bonds.
The commission also approved $125 million of single-family mortgage revenue bonds for the Louisiana Housing Corp. to finance first mortgage loans for homebuyers, or qualified home improvement and rehabilitation loans.
Raymond James, Stifel and JPMorgan Securities will serve as underwriters, according to the commission.
A $25 million portion of the offering will be sold on a taxable basis.
