The New Orleans City Council’s budget committee last week approved a plan to refinance an estimated $310 million of outstanding debt.

The refunding proposals include $150 million of bonds issued in 1998 and 2004 to finance street projects and $160 million of bonds sold in 2000 for the firefighters pension fund.

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.