By Sheri Kasprzak
New York, Sept. 7 - The Indianapolis Local Public Improvement Bond Bank sold $199.21 million of series 2011K bonds, according to a pricing sheet.
The bonds (A1/A) were sold through J.P. Morgan Securities LLC and Morgan Keegan & Co. Inc. The co-managers were BMO Capital Markets, Cabrera Capital Markets LLC, City Securities Corp. and Loop Capital Markets LLC.
The bonds are due 2012 to 2027 with 3% to 5% coupons.
Proceeds will be used to purchase $180.49 million of series 2011A Marion County Convention and Recreational Facilities Authority bonds, as well as refund debt.
| Issuer: | Indianapolis Local Public Improvement Bond Bank
|
| Issue: | Series 2011K bond bank bonds
|
| Amount: | $199.21 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Morgan Keegan & Co. Inc. (lead); BMO Capital Markets, Cabrera Capital Markets LLC, City Securities Corp. and Loop Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Pricing date: | Sept. 7
|
| Settlement date: | Oct. 6
|
|
|
| Maturity | Type | Coupon
|
| 2012 | Serial | 3%
|
| 2013 | Serial | 4%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 3%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 4%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 4%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 5%
|
| 2025 | Serial | 5%
|
| 2026 | Serial | 5%
|
| 2027 | Serial | 5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
