Indiana Bond Bank coordinates $263.96 million taxable school bond deal

By Sheri Kasprzak

New York, May 24 - The Indiana Bond Bank plans to price $263.96 million of series 2013 taxable school severance funding refunding bonds, according to a preliminary official statement.

The offering includes $247,535,000 of series 2013A bonds and $16,425,000 of series 2013B bonds.

The bonds (/AA+/) will be sold on a negotiated basis. City Securities Corp. and Raymond James/Morgan Keegan are the senior managers for the 2013A bonds. City Securities is the underwriter for the series 2013B bonds.

The 2013A bonds are due 2013 to 2030 and the 2013B bonds are due 2013 to 2025.

Proceeds will be used to refund existing debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.