Indiana Bond Bank to sell $165 million series 2009A notes Thursday

By Aaron Hochman-Zimmerman

New York, June 15 - The Indiana Bond Bank announced it will offer $165 million in series 2009A midyear funding program notes (MIG1/SP-1+), according to Dan Huge, executive director.

The notes are expected to price Thursday.

J.P. Morgan Securities Inc. will act as underwriter for the negotiated bonds, which will mature on Jan. 6, 2010.

Proceeds will be collected by the bank and distributed to "85 plus" local governments and entities, which can show a cash flow shortfall, Huge said.

The Indiana Bond Bank is located in Indianapolis.

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