ATLANTA -- Louisiana yesterday chose Smith Barney, Harris Upham & Co. and the First Boston Corp. to lead manage its upcoming $124.6 million general obligation refunding issue, the state's first GO bond sale since its upgrading last year and its first deal to include college savers bonds.

In a busy meeting, the State Bond Commission also gave preliminary approval yesterday to the Louisiana Public Facilities Authority's proposed plan to purchase general obligation ligation refunding bonds from various local governments, despite commissioners' concerns over the choice of the authority's bond counsel.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.