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Indianapolis Local Public Improvement Bond Bank plans to sell $205 million bonds Wednesday
By Sheri Kasprzak
New York, Feb. 1 - The Indianapolis Local Public Improvement Bond Bank is scheduled on Wednesday to price $205 million in series 2010A tax-exempt and Build America Bonds, according to a preliminary official statement.
The sale includes $39.82 million in series 2010A-1 bonds and $165.18 million in series 2010A-2 Build America Bonds.
The bonds (Aa2/AA+/AA+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and J.P. Morgan Securities Inc. as the lead manager for the 2010A-2 bonds. The co-managers are Andes Capital Group LLC, Blaylock Robert Van LLC, City Securities Corp., KeyBanc Capital Markets Inc., Mesirow Financial Inc., M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC.
The 2010A-1 bonds are due 2013 to 2022, and the 2010A-2 bonds are due 2030 and 2040.
Proceeds will be used to fund construction projects.
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