Louisiana Public Facilities may buy some of $60 million Touro bonds

By Melissa Kory

Cleveland, April 12 - The Louisiana Public Facilities Authority said it entered into a loan agreement for its $60 million of series 1999A Touro Infirmary hospital revenue bonds and will, from time to time, consider opportunities to purchase the bonds when they are trading below par.

The authority is also considering a tender offer for some or all of the bonds.

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