Indiana Bond Bank to price $437 million funding notes

By Cristal Cody

Springdale, Ark., June 13 - The Indiana Bond Bank expects to price $437 million in mid-year funding program notes on Thursday, a source told Prospect News.

The series 2008A notes mature May 28, 2009.

Pre-pricing will be held on Wednesday.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale. Co-managers are Banc of America Securities LLC, City Securities Corp., Fifth Third Securities Inc. and NatCity Investments Inc.

Proceeds will be used to purchase tax anticipation obligations of state school corporations, counties, cities, libraries and other entities.

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