Indiana Finance preps $67.54 million offering of refunding bonds

By Sheri Kasprzak

New York, Aug. 26 - The Indiana Finance Authority plans to price $67.535 million of series 2011 facilities revenue refunding bonds, according to a preliminary official statement.

The offering includes $21.115 million of series 2011A New Castle Correctional Facility bonds, $19.27 million of series 2011B Indiana State Museum Facility bonds, $20.18 million of series 2011C Evansville State Hospital Facility bonds, $1.615 million of series 2011D Logansville State Hospital Facility bonds and $5.355 million of series 2011E Southeast Regional Treatment Center Facility bonds.

The bonds will be sold through senior manager City Securities Corp. The co-managers are Bank of America Merrill Lynch, Fidelity Capital Markets LLC, Morgan Keegan & Co. Inc. and Raymond James & Associates Inc.

The 2011A bonds are due 2013 and 2020 to 2022. The 2011B bonds are due 2012 to 2023. The 2011C bonds are due 2012 to 2024, and the 2011D bonds are due 2012 to 2016. The 2011E bonds are due 2012 to 2017.

Proceeds will be used to refund the series 2002A and 2004B revenue bonds issued for the New Castle Correctional Facility, the 2003A and 2004C bonds issued for the Indiana State Museum, the 2003B bonds issued for the Evansville State Hospital, the 2004D bonds issued for the Logansville State Hospital and the 2004E bonds issued for the Southeast Regional Treatment Center.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.