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Indianapolis prepares $51.45 million gas utility refunding bond sale
By Sheri Kasprzak
New York, June 24 - The City of Indianapolis, Ind., plans to price $51,445,000 of series 2013A gas utility distribution system second lien revenue refunding bonds, according to a preliminary official statement.
The bonds (A2/AA-/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager and City Securities Corp., Morgan Stanley & Co. LLC and PNC Capital Markets LLC as the co-managers.
The maturities have not been set.
Proceeds will be used to refund the city's series 2008A gas utility distribution system revenue bonds.
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