Indiana Bond Bank to price $75 million school purchase funding bonds

By Cristal Cody

Tupelo, Miss., March 13 - The Indiana Bond Bank plans to price $75 million in common school fund advancement purchase funding bonds, according to a preliminary official statement.

The series 2009 bonds will be sold through a negotiated sale led by senior manager Raymond James & Associates, Inc.

RBC Capital Markets Corp. is the co-manager.

The proceeds will be used to purchase all or a portion of loans from various schools.

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