Carmel Junior Waterworks to price $81.687 million bonds Sept. 29 via Indiana Bond Bank

By Sheri Kasprzak

New York, Sept. 19 - The Indiana Bond Bank intends to sell $81.687 million in special program bonds for the City of Carmel Junior Waterworks on Sept. 29, said a calendar of upcoming sales.

The bonds (/AAA/) will be sold on a negotiated basis with Oppenheimer & Co. as the senior manager. The co-managers are J.J.B. Hilliard, W.L. Lyons and Ross, Sinclaire & Associates.

The sale includes $61.01 million in series 2008B current interest bonds and $20.677 million in series 2008B capital appreciation bonds.

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

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