DALLAS — Louisiana will sell up to $350 million of highway improvement revenue bonds over several years, rather than in a single issue as had been proposed by Treasurer John Kennedy and approved by the State Bond Commission.

Instead of a single tranche, the state will issue the bonds over three years to finance the projects developed by the Department of Transportation and Development.

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.