INVITATION TO TENDER BONDS
made by
STATE BOND COMMISSION
ON BEHALF OF THE STATE OF LOUISIANA
to the Beneficial Owners of
TAXABLE GENERAL OBLIGATION REFUNDING BONDS, SERIES 2020C1
(the "Taxable Target Bonds")
and
GENERAL OBLIGATION BONDS, SERIES 2017A
GENERAL OBLIGATION BONDS, SERIES 2017B
GENERAL OBLIGATION BONDS, SERIES 2019A
to the Holders of all or any portion of the maturities listed in the Invitation to Tender Bonds (the “Invitation”)
Key Dates and Times
All of these dates and times are subject to change. All times are New York City time.
Notices of changes will be sent in the manner provided for in this Invitation.
| Expiration Time: | June 15, 2026 at 5:00 p.m. |
|---|---|
| Preliminary Acceptance Date: | June 16, 2026 |
| Determination of Purchase Prices: | Approx. 10:00 a.m., June 16, 2026 |
| Notice of Purchase Prices: | June 16, 2026 at 5:00 p.m. |
| Final Acceptance Date: | June 17, 2026 |
| Settlement Date: | June 30, 2026 |
1)
The State Bond Commission, on behalf of the State of Louisiana (the "Issuer") and their agents DO NOT recommend to you whether or not to offer your bonds for purchase. You are responsible for your own decisions regarding this and should consult your own financial advisors about it.
2)
The only authorized information about the Invitation the printed information prepared by the Issuer and their agents. Issuer and their agents are not responsible for information provided by non-affiliated, third-parties.
3)
Information is posted on this website for the purpose of your convenience only. You may contact the Information Agent to receive personal copies of the Invitation. If there is a difference between the paper copies and the electronic versions of the documents, the paper copies from the Information Agent are correct.
INFORMATION FOR BONDHOLDERS
• Invitation to Tender Bonds, dated June 1, 2026
• Letter to Bondholders, dated June 1, 2026
BVAL Index
With respect to the 2019 Tax-Exempt Target Bonds listed in Table 3 of the Invitation, the Purchase Price will be calculated using a yield determined by adding a fixed spread to the yield on the relevant Reference BVAL Index listed in Table 3 of the Invitation.
The Reference BVAL Index for each 2019 Target Bond will be based on the month and year of the Maturity Date for such 2019 Target Bond. The Reference Yield will be based on the yield for the applicable Reference BVAL Index, as set forth in the Monthly Value Table as of the date and time the 2019 Purchase Prices are determined, as shown on the Municipal Securities Rulemaking Board's Electronic Municipal Market Access website at the following address:
https://emma.msrb.org/ToolsAndResources/BloombergYieldCurve?daily=True
-------------------------------------------------------------
Globic Advisors
477 Madison Avenue, 6th floor
New York NY, 10022
7777 Glades Road, Suite 100
Boca Raton FL, 33434
Telephone: (212) 227-9699