Indiana Municipal Power Agency plans to sell $203 million revenue bonds

By Aaron Hochman-Zimmerman

New York, March 30 - The Indiana Municipal Power Agency announced plans to issue $203 million in power supply system revenue bonds, according to a preliminary offering statement.

The agency will issue $178 million in series B bonds and $25 million in taxable series C bonds.

The series B bonds will price with terms bonds due 2034 and 2039 as well as serial bonds with maturities from 2025 to 2029.

The series C bonds will price as one term bond due in 2025.

Citigroup Global Markets Inc. will act as the lead underwriter for the negotiated bonds.

Proceeds from the sale will be used to finance construction projects and build a reserve fund.

The Indiana Municipal Power Agency is located in Carmel, Ind.

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