Indiana Finance Authority preps $131 million state revolving fund deal

By Sheri Kasprzak

New York, Oct. 15 – The Indiana Finance Authority is expected to price $131,015,000 of series 2014 state revolving fund program green bonds, according to a preliminary official statement.

The offering includes $67,715,000 of series 2014C bonds and $63.3 million of series 2014D refunding bonds.

The bonds (Aaa/AAA/AAA) will be offered through Jefferies & Co. and BofA Merrill Lynch. The co-managers are George K. Baum & Co. LLC; J.J.B. Hilliard, W.L. Lyons LLC; Morgan Stanley & Co. LLC; and Ramirez & Co. Inc.

The 2014C bonds are due 2020 to 2035 and the 2014D bonds are due 2015 and 2019 to 2024.

Proceeds will be used to provide loans to or purchase the obligations of certain political subdivisions, as well as to refund existing state revolving fund debt.

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