Published on 1/28/2015 in the Prospect News Municipals Daily.
New Issue: Indiana Bond Bank prices $76.45 million advance funding program notes
By Sheri Kasprzak
New York, Jan. 28 – The Indiana Bond Bank sold $76,445,000 of series 2015A advance funding program notes, according to a pricing sheet.
The notes (/SP-1/) were sold through J.P. Morgan Securities LLC.
The notes are due Jan. 5, 2016 and have a 2% coupon priced at 101.648 to yield 0.23%.
Proceeds will be used to finance capital projects for qualified political subdivisions.
| Issuer: | Indiana Bond Bank
|
| Issue: | Series 2015A advance funding program notes
|
| Amount: | $76,445,000
|
| Maturity: | Jan. 5, 2016
|
| Coupon: | 2%
|
| Price: | 101.648
|
| Yield: | 0.23%
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Rating: | Standard & Poor’s: SP-1
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 29
|
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