Published on 3/12/2013 in the Prospect News Municipals Daily.
New Issue: Indiana Finance Authority prices $676.81 million private activity bonds
By Sheri Kasprzak
New York, March 12 - The Indiana Finance Authority sold $676,805,000 of series 2013 private activity bonds, said a pricing sheet.
The bonds were sold through BofA Merrill Lynch.
The bonds are due 2019, 2035, 2040, 2044, 2048 and 2051. The 2019 bonds have a 5% coupon priced at 109.74, the 2035 bonds have a 5% coupon priced at 103.566 and the 2040 bonds have a 5% coupon priced at 101.76. The 2044 bonds have a 5% coupon priced at 100.871 and the 2048 bonds have a 5% coupon priced at 99.827. The 2051 bonds have a 5.25% coupon priced at 102.301.
Proceeds will be used to finance the East End Crossing project, a cross-river transportation project intended to serve the needs of the Louisville, Ky./Southern Indiana region.
| Issuer: | Indiana Finance Authority
|
| Issue: | Series 2013 private activity bonds
|
| Amount: | $676,805,000
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch (lead), J.P. Morgan Securities LLC, Goldman, Sachs & Co. and RBC Capital Markets LLC (co-managers)
|
| Pricing date: | March 12
|
| Settlement date: | March 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $194,495,000 | 2019 | Term | 5% | 109.74
|
| $45,115,000 | 2035 | Term | 5% | 103.566
|
| $97,955,000 | 2040 | Term | 5% | 101.76
|
| $108,765,000 | 2044 | Term | 5% | 100.871
|
| $120,435,000 | 2048 | Term | 5% | 99.827
|
| $110.04 million | 2051 | Term | 5.25% | 102.301
|
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