By Sheri Kasprzak
New York, June 2 - The Indiana Finance Authority sold $131.85 million in series 2009 environmental facilities refunding revenue bonds on Tuesday for the Indianapolis Power & Light Co., said a sellside source who saw the offering.
The sale included $41.85 million in series 2009A bonds, $30 million in series 2009B bonds and $60 million in series 2009C bonds.
All of the bonds are due Jan. 1, 2016, and all the bonds (Baa1/BBB/BBB+) priced at par to yield 4.9%.
J.P. Morgan Securities Inc. and Goldman, Sachs & Co. were the lead managers.
Proceeds will refund the company's series 2005A, 2005B and 2006A bonds.
| Issuer: | Indiana Finance Authority/Indianapolis Power & Light Co.
|
| Issue: | Series 2009 environmental facilities refunding revenue bonds
|
| Amount: | $131.85 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities Inc. and Goldman, Sachs & Co. (lead)
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
| Pricing date: | June 2
|
|
|
| Series 2009A
|
| Amount | Maturity | Type | Coupon | Price
|
| $41.85 million | Jan. 1, 2016 | Term | 4.9% | Par
|
|
|
| Series 2009B
|
| Amount | Maturity | Type | Coupon | Price
|
| $30 million | Jan. 1, 2016 | Term | 4.9% | Par
|
|
|
| Series 2009C
|
| Amount | Maturity | Type | Coupon | Price
|
| $60 million | Jan. 1, 2016 | Term | 4.9% | Par
|
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