Indianapolis to sell $77.35 million energy revenue refunding bonds

By Sheri Kasprzak

New York, Oct. 12 - The City of Indianapolis is expected to sell $77.345 million in series 2010B thermal energy system revenue refunding bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the lead manager. The co-managers are J.P. Morgan Securities LLC, PNC Capital Markets LLC and City Securities Corp.

The bonds are due 2011 to 2021 with a term bond, the maturity of which has not been set.

Proceeds will be used to refund all of the city's outstanding series 2001A thermal energy system revenue bonds.

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