Indiana arranges $52.43 million sale of power supply refunding bonds

By Sheri Kasprzak

New York, Oct. 17 - The Indiana Municipal Power Agency plans to price $52,425,000 of series 2012A power supply revenue refunding bonds, according to a preliminary official statement.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are BMO Capital Markets LLC, City Securities Corp., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Wells Fargo Securities LLC.

The bonds are due 2016 to 2020 and 2024 to 2028.

Proceeds will be used to refund existing debt.

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