Indiana Bond Bank preps $103.32 million sale of school severance bonds

By Sheri Kasprzak

New York, Aug. 12 – The Indiana Bond Bank is set to price $103,315,000 of series 2015A taxable school severance refunding bonds, according to a preliminary official statement.

The bonds (/AA+/) will be sold on a negotiated basis with Raymond James/Morgan Keegan and City Securities Corp. as the lead managers.

The bonds are due 2016 to 2029.

Proceeds will be used to refund the bond bank’s series 8A, 9, 10 and 11 school severance bonds.

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