Indianapolis Airport Authority to price $350 million revenue bonds June 25

By Sheri Kasprzak

New York, June 6 - The Indianapolis Airport Authority intends to sell $350 million in series 2008C variable-rate revenue bonds on June 25, said a sellsider connected to the deal.

The bonds (A1//A+) will be sold on a competitive basis through the Indianapolis Local Public Improvement Bond Bank.

Proceeds will be used for the construction of a new terminal building. The improvements had previously been financed by the authority's commercial paper program.

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