Indiana Bond Bank to price $81.69 million bonds for Carmel waterworks

By Cristal Cody

Tupelo, Miss., Sept. 8 - The Indiana Bond Bank plans to price $81,687,342 special program bonds for the city of Carmel's Junior Waterworks project, according to a preliminary official statement released Monday.

The sale includes $61.01 million series 2008B current interest bonds and $20,677,342 series 2008B capital appreciation bonds.

The bonds (/AAA/) are insured by Financial Security Assurance.

Oppenheimer is the senior manager of the negotiated sale. Co-managers are J.J.B. Hilliard, W.L. Lyons LLC and Ross, Sinclaire & Associates.

Proceeds will be used to finance and refinance improvements to the waterworks system.

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