Indiana Finance Authority to sell $60.1 million revenue refunding bonds on Jan. 28 or 29

By Aaron Hochman-Zimmerman

New York, Jan. 23 - The Indiana Finance Authority plans to price $60.1 million in revenue refunding bonds on Wednesday or Thursday, according to Scott Davis, director of debt management for the authority.

The issue will be broken into two trances.

The $46.245 million of series A notes will support the Wabash Valley Correctional Facility, while the $13.855 million of series B notes will support the Miami Correctional Facility.

The series A bonds carry maturities from 2010 to 2019. The series B bonds mature in 2012 and 2013.

Morgan Stanley and City Securities Corp. will act as underwriters for the negotiated issue.

The Indiana Finance Authority is based in Indianapolis.

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