By Sheri Kasprzak
New York, Nov. 19 - The Indiana Bond Bank sold $57.02 million of series 2010 taxable school program bonds on Friday, according to a pricing sheet.
The bonds (/AA+/) were sold through City Securities Corp. and Morgan Keegan & Co. Inc.
The bonds are due 2016 to 2020 with term bonds due 2024 and 2026. Serial coupons range from 2.96% to 5.24%, all priced at par. The 2024 bonds have a 5.49% coupon priced at par, and the 2026 bonds have a 5.49% coupon, also priced at par.
Proceeds will be used to construct, rehabilitate or improve school facilities throughout the state; acquire land for school construction; and provide equipment for that construction.
| Issuer: | Indiana Bond Bank
|
| Issue: | Series 2010 taxable school program bonds
|
| Amount: | $57.02 million
|
| Type: | Negotiated
|
| Underwriters: | City Securities Corp. and Morgan Keegan & Co. Inc. (lead)
|
| Rating: | Standard & Poor's: AA+
|
| Pricing date: | Nov. 19
|
| Settlement date: | Dec. 9
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.53 million | 2016 | Serial | 2.96% | 100
|
| $670,000 | 2016 | Serial | 4.03% | 100
|
| $680,000 | 2017 | Serial | 4.21% | 100
|
| $1.105 million | 2017 | Serial | 4.35% | 100
|
| $1.11 million | 2018 | Serial | 4.63% | 100
|
| $1.105 million | 2018 | Serial | 4.72% | 100
|
| $3.215 million | 2019 | Serial | 4.97% | 100
|
| $1.005 million | 2019 | Serial | 5.06% | 100
|
| $5.08 million | 2020 | Serial | 5.24% | 100
|
| $23.745 million | 2024 | Term | 5.49% | 100
|
| $8.775 million | 2026 | Term | 5.49% | 100
|
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