Indiana Finance prepares $120.11 million revenue and refunding bonds

By Sheri Kasprzak

New York, April 16 - The Indiana Finance Authority is set to price $120,105,000 of series 2012 revenue and revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa1) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as the senior managers. The co-managers are Fifth Third Securities Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan.

The offering includes

• $145,000 of series 2012A Indiana State Museum Facility revenue refunding bonds due July 1, 2014;

• $10.44 million of series 2012B Evansville State Hospital Facility revenue refunding bonds due 2012, 2015, 2017, 2020 and 2022 to 2024;

• $24.21 million of series 2012C Logansport State Hospital Facility revenue refunding bonds due 2012 and 2015 to 2027;

• $40,845,000 of series 2012D Southeast Regional Treatment Center revenue refunding bonds due 2012 and 2015 to 2027;

• $1,395,000 of series 2012E Government Center Parking Facilities revenue refunding bonds due 2014 to 2015;

• $480,000 of series 2012F Government Center Parking facilities taxable revenue refunding bonds due 2012 to 2015;

• $8,965,000 of series 2012G Government Center North Facility taxable revenue refunding bonds due 2012 to 2015;

• $910,000 of series 2012H Government Center South Facility taxable revenue refunding bonds due 2012 to 2015;

• $26,365,000 of series 2012I state park projects revenue and refunding bonds due 2012 to 2025;

• $1.8 million of series 2012J taxable revenue refunding bonds due 2012 to 2025; and

• $4.55 million of series 2012K aviation center project lease revenue refunding bonds due 2012 to 2017.

Proceeds will be used to refund existing debt used to construct and equip museum facilities, hospital facilities, state capitol building projects and an aviation center.

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