Featured Municipal Bond in the Market, Week of 09/12/2016: State of Louisiana General Obligation Bonds.
This week’s featured bond comes from the State of Louisiana. The Bayou State is scheduled to issue $212 million in general obligation bonds the week of September 12, 2016. These bonds are scheduled to be issued as a single series. The bonds are to be used to repay bond anticipation notes that were issued earlier in 2016 to finance capital improvement projects. The bonds are backed by the full faith and credit of the State of Louisiana. These details and more on purposes, security, and other matters pertaining to these Louisiana general obligation bonds can the found in the official statement, provided by MuniOS.
The State of Louisiana currently has an unemployment rate of 6.9% as of July 2016, down 0.1% from June, but up 0.3% from July 2015. Louisiana has an unemployment rate that is 2.0% higher than the national unemployment rate of 4.9%.
Provided at left is a quick snapshot of financial characteristics of the State of Louisiana, along with the medians for other states, courtesy of Merritt Research Services, LLC. Merritt has many of the sector medians publicly available and regularly updated on their Benchmark Central page. (Merritt believes the data to be reliable but does not make any representations as to its accuracy or completeness). In addition to the Merritt information related to the featured bond, more information can be found on our municipal bond calendar, city, state, and county pages, and our employment database. These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.