By Sheri Kasprzak
New York, March 23 - The Indiana Bond Bank priced $61.145 million in series 2009 taxable common school fund advancement purchase funding bonds, according to an official statement.
The bonds (/AA+/) were sold through lead managers Raymond James & Associates Inc. and RBC Capital Markets Corp.
The bonds are due 2009 to 2013 with coupons from 1.98% to 4.05%, all priced at par.
Proceeds will be used to construct new schools and to purchase technological equipment.
| Issuer: | Indiana Bond Bank
|
| Issue: | Series 2009 taxable common school fund advancement purchase funding bonds
|
| Amount: | $61.145 million
|
| Type: | Negotiated
|
| Underwriters: | Raymond James & Associates Inc. and RBC Capital Markets Corp.
|
| Rating: | Standard & Poor's: AA+
|
| Pricing date: | March 17
|
| Settlement date: | April 1
|
|
|
| Maturity | Type | Coupon | Price
|
| 2009 | Serial | 1.98% | Par
|
| 2010 | Serial | 2.52% | Par
|
| 2010 | Serial | 2.92% | Par
|
| 2011 | Serial | 3.27% | Par
|
| 2011 | Serial | 3.46% | Par
|
| 2012 | Serial | 3.65% | Par
|
| 2012 | Serial | 3.70% | Par
|
| 2013 | Serial | 3.95% | Par
|
| 2013 | Serial | 4.05% | Par
|
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