ATLANTA - Over strong protests from state Treasurer Mary Landrieu, Louisiana's Bond Commission has named Stephens Inc. lead manager for an upcoming $75 million sports stadium bond issue.

Landrieu charged that the commission's choice last Thursday of Little Rock-based Stephens to head the Louisiana Stadium and Exposition District deal was ill-advised because it circumvented long-established underwriter selection procedures. For the same reason, the treasurer also opposed the naming of Prudential Securities Inc. and Apex Securities Inc. Thursday as co-senior managers for the transaction. Apex is a minority-owned firm based in Houston.

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