Date of offering is anticipated on or about October 13-16, 2008
MEMPHIS, Tenn. (October 13, 2008) — The Industrial Development Board of the City of New Orleans, Louisiana, Inc. (The New Orleans Federal Alliance Project) will offer revenue bonds, series 2008A, in the amount of $50,000,000 on or about Monday, October 13 through Thursday, October 16, 2008.*
An “A” rating from Fitch, an “A2” rating from Moody’s Investors Service and an “A” rating from Standard & Poor’s is expected for this issue. The offering of bonds will be made only by the Official Statement, which describes the security of the issue. The Official Statement may be obtained in any state in which the undersigned may lawfully offer such issue.
For a preliminary Official Statement for the issue, please contact Morgan Keegan, senior managing underwriter, at 504/529-1556 or 800/723-1521.
Dorsey and Company, Inc. and Wachovia Bank serve as co-managing underwriters. The Selling Group consists of Citigroup, Coastal Securities, Crews & Associates, Duncan-Williams, Merrill Lynch, Morgan Stanley, Ross Sinclaire, UBS and Wiley Brothers.
*This is neither an offer to sell nor a solicitation of an offer to buy these bonds.
About Morgan Keegan & Company, Inc.
Morgan Keegan, one of the nation’s largest regional full-service brokerage and investment banking firms, is the securities brokerage subsidiary of Regions Financial Corporation (NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan has over 4,000 employees providing services in some 400 offices.
Contact:
Melinda Rutland
901/531-3259
melinda.rutland@morgankeegan.com
