DALLAS — New Orleans will take two refunding issues totaling more than $300 million to market in the next two months to lower its debt service payments and restructure an unsecured debt into a more affordable secured one.

The refundings are an essential part of Mayor Mitch Landrieu's efforts to bring the Crescent City's finances into coherence after the devastation of Hurricane Katrina in 2005 and the uneven but progressive recovery from the disaster.

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