Published on 8/13/2012 in the Prospect News Municipals Daily.
New Issue: Indiana prices $139.26 million state revolving fund program bonds
By Sheri Kasprzak
New York, Aug. 13 - The Indiana Finance Authority priced $139,255,000 of series 2012B state revolving fund program bonds, according to a pricing sheet.
The bonds were sold through Goldman Sachs & Co. and Jefferies & Co. The co-managers were Bank of America Merrill Lynch, CastleOak Securities LP, J.J.B. Hilliard, W.L. Lyons LLC and RBC Capital Markets LLC.
The bonds are due 2013 to 2031 with 1.5% to 5% coupons.
Proceeds will be used to provide loans for eligible projects throughout the state.
Issuer: | Indiana Finance Authority
|
Issue: | Series 2012B state revolving fund program bonds
|
Amount: | $139,255,000
|
Type: | Negotiated
|
Underwriter: | Goldman Sachs & Co. and Jefferies & Co. (lead), Bank of America Merrill Lynch, CastleOak Securities LP, J.J.B. Hilliard, W.L. Lyons LLC and RBC Capital Markets LLC (co-managers)
|
Pricing date: | Aug. 8
|
Settlement date: | Aug. 30
|
|
Amount | Maturity | Type | Coupon | Price
|
$4,445,000 | 2013 | Serial | 1.5% | NRO
|
$630,000 | 2014 | Serial | 3% | 103.777
|
$610,000 | 2016 | Serial | 4% | 111.67
|
$1 million | 2019 | Serial | 2% | 104.612
|
$3.52 million | 2019 | Serial | 5% | 123.06
|
$495,000 | 2021 | Serial | 3% | 109.992
|
$7,255,000 | 2022 | Serial | 5% | 119.377
|
$5,245,000 | 2023 | Serial | 5% | 118.631
|
$7.63 million | 2024 | Serial | 5% | 118.013
|
$9.55 million | 2025 | Serial | 5% | 117.46
|
$17,375,000 | 2026 | Serial | 5% | 119.627
|
$26,535,000 | 2027 | Serial | 5% | 119.04
|
$11.16 million | 2028 | Serial | 4.375% | 111.341
|
$2.15 million | 2028 | Serial | 5% | 118.456
|
$5 million | 2029 | Serial | 4% | 105.861
|
$8.96 million | 2029 | Serial | 5% | 117.875
|
$12.86 million | 2030 | Serial | 5% | 117.298
|
$6,235,000 | 2031 | Serial | 3.125% | 98.276
|
$8.6 million | 2031 | Serial | 5% | 116.887
|
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