Indiana Finance to sell $84.11 million of revenue refunding bonds

By Sheri Kasprzak

New York, Oct. 3 - The Indiana Finance Authority is poised to sell $84.11 million of series 2011 facilities revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the underwriter.

The offering includes $22.275 million of series 2011A bonds, $18.955 million of series 2011B bonds, $19.695 million of series 2011C bonds, $5.41 million of series 2011D bonds and $17.775 million of series 2011E bonds.

The maturities have not been set.

Proceeds will be used to refund the authority's series 2002A revenue bonds and its series 2004B facilities revenue refunding bonds.

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