Indiana Finance eyes $137.94 million offering of taxable revenue bonds

By Sheri Kasprzak

New York, June 3 – The Indiana Finance Authority is expected to price $137.94 million of series 2016A taxable facilities revenue bonds on Tuesday, said a preliminary official statement.

The bonds (Aa1/AA+/AA+) will be sold on a negotiated basis. The senior manager is J.P. Morgan Securities LLC, and the co-managers are RBC Capital Markets LLC, PNC Capital Markets LLC, City Securities Corp. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2020 to 2031 with a term bond due in 2036.

Proceeds will be used to construct, acquire, equip and improve facilities at Evansville State Hospital.

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