Indiana Finance to price $175.72 million revolving fund bonds, BABs

By Sheri Kasprzak

New York, Oct. 23 - The Indiana Finance Authority is expected to price $175.715 million in series 2009A state revolving fund program bonds, according to a preliminary official statement.

The sale includes $145.395 million in series 2009A-1 tax-exempt bonds and $30.32 million in series 2009A-2 Build America Bonds.

The bonds (Aaa/AAA/AAA) will be sold through lead managers Citigroup Global Markets Inc. and Merrill Lynch & Co. The co-managers are Andes Capital Group LLC, City Securities Corp., KeyBanc Capital Markets Inc., Loop Capital Markets LLC and Raymond James & Associates Inc.

The maturities have not been set.

Proceeds will be used to provide loans for eligible projects, as well as to refund existing debt.

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