Indiana Housing to price $140 million revenue bonds Thursday

By Sheri Kasprzak

New York, Nov. 3 - The Indiana Housing and Community Development Authority is scheduled to price its previously announced $140 million in series 2008A single-family mortgage revenue bonds Thursday, according to a calendar of upcoming offerings.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager.

The co-managers are City Securities Corp.; Goldman, Sachs & Co.; Barclays Capital; Merrill Lynch & Co.; Citigroup Global Markets; Morgan Keegan & Co.; Fifth Third Securities; Morgan Stanley & Co. Inc.; Edward D. Jones & Co.; RBC Capital Markets; Melvin & Co.; and Raymond James & Associates.

The deal includes $1.955 million in series 2008A-1 bonds and $85 million in series 2008A-2 bonds, as well as $53.045 million in series 2008A-3 bonds.

The 2008A-1 bonds are due 2010 to 2011. The series 2008A-2 bonds are due 2039, and the series 2008A-3 bonds are due 2011 to 2018 with term bonds due 2023, 2029 and 2040.

Proceeds will be used to refund existing obligations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.