Published on 12/14/2012 in the Prospect News Municipals Daily.
New Issue: Indiana Finance sells $1.26 billion of Midwest Fertilizer revenue bonds
By Sheri Kasprzak
New York, Dec. 14 - The Indiana Finance Authority sold $1,259,000,000 of series 2012 industrial development revenue bonds for the Midwest Fertilizer Corp., according to a term sheet.
The bonds (/A-1+/) were sold through Guggenheim Securities LLC.
The bonds are due July 1, 2046 and initially bear interest at 0.2% priced at par. The bonds have an original termination date of July 1, 2013.
Proceeds will be used to construct an integrated nitrogen fertilizer manufacturing plant in Posey County, Ind.
Issuer: | Indiana Finance Authority/Midwest Fertilizer Corp.
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Issue: | Series 2012 industrial development revenue bonds
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Amount: | $1,259,000,000
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Maturity: | July 1, 2046
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Coupon: | 0.20% (initial)
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Price: | 100
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Original termination: | July 1, 2013
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Type: | Negotiated
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Underwriter: | Guggenheim Securities LLC
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Ratings: | Standard & Poor's: A-1+
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Pricing date: | Dec. 13
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Settlement date: | Dec. 20
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