Louisiana to Sell $351M in GO Bonds for Capital Improvements

Dow Jones

27 Mar

By Patrick Sheridan

The State of Louisiana is offering approximately $351 million in General Obligation Bonds to fund capital improvement projects.

The Series 2025 B bonds have maturities ranging from 2026 to 2045. Pricing information on the securities wasn't available in the preliminary official statement posted Wednesday on MuniOS.

Interest on the bonds is payable semiannually on June 1 and Dec. 1 of each year, commencing on Dec. 1, 2025.

The bonds constitute general obligations of the State of Louisiana and the full faith and credit of the state is pledged to payment of the principal and interest on the bonds.

Funds provided through the sale of the bonds can be used for acquiring lands, site development and improvement, and construction of buildings and other structures, according to the Louisiana Department of Transportation and Development website. Proceeds can also be used for additions and alterations to existing facilities, as well as the installation, extension, or replacement of utility systems and fire protection.

S&P Global Ratings and Moody's Ratings have assigned AA and Aa2 ratings to the bonds, respectively.

Write to Patrick Sheridan at patrick.sheridan@wsj.com

(END) Dow Jones Newswires

March 27, 2025 11:25 ET (15:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Pricing information on the securities wasn't available in the preliminary official statement posted Wednesday on MuniOS. \n\n\n  Interest on the bonds is payable semiannually on June 1 and Dec. 1 of each year, commencing on Dec. 1, 2025. \n\n\n  The bonds constitute general obligations of the State of Louisiana and the full faith and credit of the state is pledged to payment of the principal and interest on the bonds. \n\n\n  Funds provided through the sale of the bonds can be used for acquiring lands, site development and improvement, and construction of buildings and other structures, according to the Louisiana Department of Transportation and Development website. 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