St. James Parish, La., to issue $200 million bonds for Nucor Steel

By Sheri Kasprzak

New York, Nov. 5 - The Parish of St. James, La., plans to price $200 million of series 2010A Gulf Opportunity Zone revenue bonds for Nucor Steel Louisiana LLC, according to a preliminary official statement.

Citigroup Global Markets Inc. and Bank of America Merrill Lynch are the joint bookrunners for the offering.

The bonds are due Nov. 1, 2030.

Proceeds from the sale will be used to construct, equip and repair Nucor buildings and non-movable equipment for the company's steel production facilities in St. James Parish.

Based in Charlotte, N.C., Nucor is a steel production company.

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