Indiana Finance Authority preps $89.72 million of revolving fund bonds

By Sheri Kasprzak

New York, March 21 - The Indiana Finance Authority is expected to price $89,715,000 of series 2014 state revolving fund program bonds, according to a preliminary official statement.

The offering includes $18,155,000 of series 2014A bonds and $71.56 million of series 2014B refunding bonds.

The bonds will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager. The co-managers are BofA Merrill Lynch, Jefferies & Co., PNC Capital Markets LLC and Ramirez & Co. Inc.

The 2014A bonds are due Feb. 1, 2015. The 2014B bonds are due 2015 to 2022.

Proceeds will be used to finance loans to eligible local government entities for capital projects and to refund existing debt.

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