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Published on 1/12/2011 in the Prospect News Municipals Daily.

Indiana Bond Bank offers $164 million advance funding program notes

By Sheri Kasprzak

New York, Jan. 12 - The Indiana Bond Bank is expected to price $164 million of series 2011A advance funding program notes, according to a preliminary official statement.

The notes (/SP-1+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager.

The notes are due Jan. 5, 2012.

Proceeds will be used to purchase tax anticipation obligations from school districts, cities, counties, towns, townships, library corporations and other qualified entities.

Based in Indianapolis, the bond bank acquires funding and makes loans to local government entities throughout the state.


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