DALLAS — Louisiana avoided paying swap termination fees totaling more than $66 million on second-lien gas and fuels tax bonds with replacement hedge agreements approved Friday by a special subcommittee of the State Bond Commission.

The novated agreements cover two series totaling $181.9 million of taxable Build America Bonds issued in 2009.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.