Indiana Finance Authority to price $94.55 million bonds Nov. 18-19

By Sheri Kasprzak

New York, Nov. 12 - The Indiana Finance Authority is gearing up to sell $94.55 million in series 2008 revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa2/AA+/AA) will be sold through senior manager Morgan Stanley & Co. Inc. The co-managers are City Securities Corp., Edward Jones & Co., KeyBanc Capital Markets, Melvin and Co., Morgan Keegan & Co. and Raymond James & Associates.

The offering is expected to price Nov. 18 and Nov. 19, said Jessica Ewing, spokeswoman for the authority, on Wednesday.

The sale includes $28.83 million in series 2008A revenue refunding bonds, which are due 2009 to 2014, and $13.67 million in series 2008B revenue refunding bonds, which are due 2012. The deal also includes $52.05 million in series 2008C revenue refunding bonds, which are due from 2009 to 2022.

Proceeds from the 2008A sale will be used to refund the authority's series 2000A bonds and to make an interest rate collar termination payment. The 2008B bonds will be used to refund the authority's series 2000B bonds and make an interest rate collar termination payment. The 2008C bonds will be used to refund the authority's series 2001A bonds and make an interest rate collar termination payment.

© 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.