New Orleans to offer $65 million of taxable bonds on Wednesday

By Sheri Kasprzak

New York, March 23 – The city of New Orleans is scheduled to price $65 million of series 2015A taxable public improvement bonds on Wednesday, said a preliminary official statement.

The bonds (A3/A-/A-) will be sold competitively with Public Financial Management Inc. as the financial adviser.

The bonds are due 2016 to 2044.

Proceeds will be used to finance improvements to streets, parks, public recreation areas, libraries and other public buildings.

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