Louisiana's State Bond Commission approved the issuance of $425 million in gasoline and fuel revenue refunding bonds.
The bonds, tentatively scheduled to price Aug. 18 with
Public Resources Advisory Group will serve as municipal advisor and Foley & Judell, LLP will be the bond counsel. Oppenheimer and FHN Financial will co-manage the deal, Folse said.
The bonds will be issued on parity with outstanding first lien bonds: Series 2017B, 2020A Notes, 2020 A-2, 2022 A, and 2022 B.
The bonds are payable primarily from taxes on gasoline and motor fuels.
