Indianapolis bond bank set to sell $112.28 million in bond bank notes

By Sheri Kasprzak

New York, Dec. 10 - The Indianapolis Local Public Improvement Bond Bank is expected to sell $112.275 million in series 2009I-J and series 2010 A-D bond bank notes, according to a preliminary official statement.

The deal includes $14.3million in series 2009I notes and $10.7 million in series 2009J notes, as well as $39.4 million in series 2010A notes, $34.875 million in series 2010B notes, $6.2 million in series 2010C notes and $6.8 million in series 2010D notes.

The notes will be sold through lead manager City Securities Corp.

Proceeds from the deal will be used to fund general capital projects.

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