Jefferson Parish, La., to price $160 million revenue, refunding bonds

By Sheri Kasprzak

New York, April 30 - The Parish of Jefferson in Louisiana is set to sell $160 million in series 2009 sales tax revenue bonds, according to a preliminary official statement.

The sale includes $50 million in series 2009A revenue bonds and $110 million in series 2009B revenue refunding bonds.

The bonds (Aa2/AAA/) will be sold through Morgan Keegan & Co. Inc. and Sisung Securities Corp.

The 2009A bonds are due 2009 to 2020 and the 2009B bonds are also due 2009 to 2020.

Proceeds will be used to refund the parish's outstanding series 1985A, 1985B, 1986, 1998, 2001, 2002, 2005 and 2007 bonds. The new money bonds will be used to construct and repair roads.

The seat of parish government is Gretna, La.

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