By Sheri Kasprzak
New York, Jan. 21 - The Indiana Bond Bank sold $162.35 million of series 2011A advance funding program notes Wednesday, said a pricing sheet.
The notes (SP-1+) were sold through J.P. Morgan Securities LLC and are due Jan. 5, 2012.
The 2% notes are priced to yield 0.53%.
Proceeds will be used to purchase tax anticipation obligations from school districts, cities, counties, towns, townships, library corporations and other qualified entities.
| Issuer: | Indiana Bond Bank
|
| Issue: | Series 2011A advance funding program note
|
| Amount: | $162.35 million
|
| Maturity: | Jan. 5, 2012
|
| Coupon: | 2%
|
| Yield: | 0.53%
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Rating: | Standard & Poor's: SP-1+
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 27
|
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