Indianapolis bond bank plans to sell $60.71 million waterworks bonds

By Sheri Kasprzak

New York, May 12 - The Indianapolis Local Public Improvement Bond Bank plans to price $60.705 million of series 2011E waterworks project bonds, according to a preliminary official statement.

The bonds (A2/A+/A) will be sold through senior manager Morgan Stanley & Co. Inc. The co-managers are Morgan Keegan & Co. Inc., City Securities Corp. and Ramirez & Co. Inc.

The maturities have not been set.

Proceeds will be used to purchase the series 2011A waterworks revenue bonds to be issued by the city's waterworks department.

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