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New Orleans can issue short term bonds
Posted on 11/14/25 at 4:37 am
Posted on 11/14/25 at 4:37 am
New Orleans got approval from the state bond commission to issue $125 million in short term bonds. A state appointed auditor will have veto power on how the funds are spent.
LINK
LINK
This post was edited on 11/14/25 at 4:38 am
7
Posted on 11/14/25 at 4:57 am to Mr Happy
I'm surprised they can get buyers for those bonds.
Posted on 11/14/25 at 6:29 am to Mr Happy
Revenue backed or general issue? Rate?
Posted on 11/14/25 at 6:30 am to UptownJoeBrown
Interest rate? They’ll be lucky to get anyone who will be interested
Posted on 11/14/25 at 6:43 am to Mr Happy
Back in the days of Michael Milken, these would’ve been called junk bonds.
Posted on 11/14/25 at 6:46 am to TrueTiger
quote:
I'm surprised they can get buyers for those bonds.
They might not be able to
Posted on 11/14/25 at 7:29 am to Mr Happy
Moody's is A3
Fitch and S&P are A and A+ buuut Fitch has negative outlook
Fitch and S&P are A and A+ buuut Fitch has negative outlook
Posted on 11/14/25 at 7:31 am to Mr Happy
I would never hold a bond for Nola. 
Posted on 11/14/25 at 7:39 am to theballguy
Like investing in bonds from Haiti
Posted on 11/14/25 at 8:05 am to Mr Happy
Let’s see if white liberals in NOLA put their money where their mouths are.
Posted on 11/14/25 at 9:09 am to mauser
Like Atlanta, NOLA has become a 3rd world shithole.
Posted on 11/14/25 at 9:35 am to theballguy
@ 15% for six months with some sort of property not in Orleans Parish for collateral,
a big maybe.
a big maybe.
Posted on 11/14/25 at 9:37 am to TrueTiger
Maybe the New Orleans pension funds will step up.
Posted on 11/14/25 at 9:40 am to Mr Happy
Welcome Jackson Square, brought to by Mercedes.
Posted on 11/14/25 at 9:56 am to UptownJoeBrown
quote:
Interest rate?
It had better be good. The likelihood of payout is probably about the same as a roulette wheel in Vegas.
Posted on 11/14/25 at 10:01 am to UptownJoeBrown
quote:
Interest rate?
It is tied to all the pump stations working properly, during a storm.
Bleeeee dat
Posted on 11/14/25 at 10:04 am to UptownJoeBrown
quote:
Interest rate?
They went to a payday lender on Carrollton Ave. Interest Rate was 300% due on January 2nd when property taxes come in.
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