Published on 2/6/2012 in the Prospect News Municipals Daily.
New Issue: Indiana Finance sells $137.95 million state revolving fund program refunding bonds
By Sheri Kasprzak
New York, Feb. 6 - The Indiana Finance Authority priced $137,945,000 of series 2012A state revolving fund program refunding bonds, according to a pricing sheet.
The bonds (//AAA) were sold through Bank of America Merrill Lynch and Goldman Sachs & Co.
The co-managers were Jefferies & Co.; CastleOak Securities LP; J.J.B. Hilliard, W.L. Lyons LLC; Raymond James & Associates Inc.; and Ramirez & Co. Inc.
The bonds are due 2013 to 2026 with 2% to 5% coupons.
Proceeds will be used to refund existing debt.
| Issuer: | Indiana Finance Authority
|
| Issue: | Series 2012A state revolving fund program refunding bonds
|
| Amount: | $137,945,000
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Goldman Sachs & Co. (lead); Jefferies & Co.; CastleOak Securities LP; J.J.B. Hilliard, W.L. Lyons LLC; Raymond James & Associates Inc.; and Ramirez & Co. Inc. (co-managers)
|
| Rating: | Fitch: AAA
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 8
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,095,000 | 2013 | Serial | 2% | 101.732
|
| $18.56 million | 2014 | Serial | 4% | 107.032
|
| $930,000 | 2015 | Serial | 3% | 106.619
|
| $960,000 | 2016 | Serial | 3% | 107.907
|
| $985,000 | 2017 | Serial | 3% | 109.132
|
| $1,015,000 | 2018 | Serial | 4% | 115.487
|
| $1,055,000 | 2019 | Serial | 4% | 116.078
|
| $1.1 million | 2020 | Serial | 4% | 116.124
|
| $3 million | 2021 | Serial | 3% | 108.011
|
| $5 million | 2021 | Serial | 4% | 116.187
|
| $10,785,000 | 2021 | Serial | 5% | 124.362
|
| $1,525,000 | 2022 | Serial | 3% | 107.411
|
| $5 million | 2022 | Serial | 4% | 116.342
|
| $13,325,000 | 2022 | Serial | 5% | 125.272
|
| $455,000 | 2023 | Serial | 3% | 105.935
|
| $2,505,000 | 2023 | Serial | 4% | 114.794
|
| $18.06 million | 2023 | Serial | 5% | 123.653
|
| $5 million | 2024 | Serial | 4% | 113.082
|
| $17,515,000 | 2024 | Serial | 5% | 122.555
|
| $360,000 | 2025 | Serial | 3% | 102.432
|
| $22.53 million | 2025 | Serial | 5% | 121.566
|
| $7,185,000 | 2026 | Serial | 5% | 120.392
|
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