Indianapolis plans to sell $59.88 million revenue refunding bonds

By Sheri Kasprzak

New York, Feb. 19 - The City of Indianapolis is expected to bring to market $59.875 million in series 2010A gas utility distribution system senior-lien revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa3/AAA/) will be sold through senior managers Morgan Stanley & Co. Inc. and City Securities Corp.

The bonds are due 2019 to 2024.

Proceeds will be used to refund the city's series 1998A bonds.

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