Indianapolis Local Public Improvement bank to price $131.63 million notes

By Cristal Cody

Tupelo, Miss., Feb. 20 - The Indianapolis Local Public Improvement Bond Bank plans to price $131.625 million in series 2009 A-D notes, according to a preliminary official statement.

The sale includes $66.125 million series 2009A, $52.65 million series 2009B, $6.05 million series 2009C and $6.8 million series 2009D notes.

The notes (MIG1//) are due Jan. 15, 2010.

City Securities Corp. is the senior manager of the negotiated sale. The co-managers are Loop Capital Markets, LLC and RBC Capital Markets Corp.

The proceeds will be used to provide funds to purchase warrants from Marion County and the Indianapolis-Marion County Public Library of Indiana.

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