Louisiana Transportation coordinates $52.1 million refunding bond sale

By Sheri Kasprzak

New York, Oct. 31 - The Louisiana Transportation Authority plans to price $52.1 million of series 2013A refunding bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and Loop Capital Markets LLC and Raymond James/Morgan Keegan as the co-managers.

The bonds are due 2014 to 2033 with term bonds due in 2038 and 2043.

Proceeds will be used to refund the authority's series 2005A-B revenue bonds.

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