Indiana Bond Bank to sell $50.08 million of common school fund bonds

By Sheri Kasprzak

New York, Feb. 28 - The Indiana Bond Bank is set to price $50,075,000 of series 2012 common school fund advancement purchase refunding bonds, according to a preliminary official statement.

The deal includes $5,895,000 of series 2012A bonds and $44.18 million of series 2012B taxable bonds.

The bonds (AA+) will be sold on a negotiated basis with Raymond James & Associates Inc. and Morgan Keegan & Co. Inc. as the underwriters.

The 2012A bonds are due 2013 to 2018. The 2012B bonds are due 2012 to 2019.

Proceeds will be used to refund the bond bank's series 2001 and 2003B bonds.

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