Indiana Finance plans $249.69 million of state revolving fund bonds

By Sheri Kasprzak

New York, Oct. 5 - The Indiana Finance Authority plans to bring to market $249.685 million of series 2011 state revolving fund program bonds, according to a preliminary official statement.

The deal includes $188.74 million of series 2011A bonds and $61.215 million of series 2011B refunding bonds.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Goldman, Sachs & Co. and Jefferies & Co. Inc. as the senior managers. The co-managers are Bank of America Merrill Lynch, M.R. Beal & Co. Inc. and Wells Fargo Securities LLC.

The 2011A bonds are due 2012 to 2030, and the 2011B bonds are due 2012 and 2021 to 2024.

Proceeds will be used to fund loan disbursements, as well as to refund the authority's series 2004B-C bonds.

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