Louisiana Stadium extends auction period for 2006C convertible bonds

By Marisa Wong

Madison, Wis., March 25 - Louisiana Stadium and Exposition District gave notice that the auction period for its $69.15 million of outstanding insured taxable/tax-exempt convertible revenue and refunding bonds, series 2006C, will be converted to a 270-day flexible auction period from a 35-day flexible auction period.

The State of Louisiana plans to purchase the bonds at auction on Aug. 8.

If sufficient clearing bids are received on the auction date, the change in length of the auction period will become effective April 11.

The new auction period will end on Jan. 1, 2012, and the interest payment date will be Jan. 2, 2012.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.