Published on 12/11/2012 in the Prospect News Municipals Daily.
New Issue: Indiana Finance prices $109.6 million of state revolving fund bonds
By Sheri Kasprzak
New York, Dec. 11 - The Indiana Finance Authority sold $109,595,000 of series 2012C state revolving fund program bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through Jefferies & Co. and Goldman, Sachs & Co.
The bonds are due 2020 to 2032 with 3% to 5% coupons.
Proceeds will be used to finance loans for eligible program recipients.
Issuer: | Indiana Finance Authority
|
Issue: | Series 2012C state revolving fund program bonds
|
Amount: | $109,595,000
|
Type: | Negotiated
|
Underwriters: | Jefferies & Co. and Goldman, Sachs & Co. (lead), Bank of America Merrill Lynch, J.J.B. Hilliard, W.L. Lyons LLC and Ramirez & Co. (co-managers)
|
Rating: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
Pricing date: | Dec. 6
|
Settlement date: | Dec. 13
|
|
Amount | Maturity | Type | Coupon | Price
|
$200,000 | 2020 | Serial | 3% | 113.146
|
$2,155,000 | 2020 | Serial | 5% | 126.841
|
$3,615,000 | 2021 | Serial | 4% | 120.773
|
$2,245,000 | 2022 | Serial | 4% | 120.788
|
$1.67 million | 2022 | Serial | 5% | 129.273
|
$4,175,000 | 2023 | Serial | 5% | 130.488
|
$3,705,000 | 2024 | Serial | 5% | 129.625
|
$4,695,000 | 2025 | Serial | 5% | 128.982
|
$4.43 million | 2026 | Serial | 4% | 117.06
|
$375,000 | 2027 | Serial | 4% | 115.874
|
$4,335,000 | 2027 | Serial | 5% | 127.286
|
$4.91 million | 2028 | Serial | 5% | 126.657
|
$2.5 million | 2029 | Serial | 4% | 114.701
|
$2.63 million | 2029 | Serial | 5% | 126.031
|
$5.26 million | 2030 | Serial | 5% | 125.409
|
$30.61 million | 2031 | Serial | 5% | 124.997
|
$2.25 million | 2032 | Serial | 4% | 113.16
|
$29,835,000 | 2032 | Serial | 5% | 124.381
|
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