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Indianapolis Local Public Improvement Bond Bank to sell $59.655 million in bonds
By Sheri Kasprzak
New York, April 23 - The Indianapolis Local Public Improvement Bond Bank intends to price $59.655 million in series 2008A bonds during the week of April 29, a calendar said.
The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with City Securities as the lead manager and KeyBanc Capital Markets and SBK-Brooks Investment Corp. as the co-managers.
The serial bonds are due 2011 to 2020 with term bonds due from 2021 to 2038.
Proceeds from the sale will be used to make a deposit to the bond bank's reserve fund.
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