Indiana Finance prepares $95 million sale of revenue bonds for Indianapolis Power & Light

By Sheri Kasprzak

New York, Aug. 18 - The Indiana Finance Authority plans to price $95 million of series 2011 environmental facilities revenue bonds for the Indianapolis Power & Light Co., according to a preliminary official statement.

The offering includes $55 million of series 2011A non-AMT bonds and $40 million of series 2011B non-AMT bonds.

The bonds (A3/BBB/BBB+) will be sold on a negotiated basis with J.P. Morgan Securities LLC and PNC Capital Markets LLC as the senior managers.

The bonds are due Aug. 1, 2021.

Proceeds will be used to construct, equip and install pollution control facilities, solid waste disposal facilities and industrial development projects at Unit 4 of the generating station located in Petersburg, Ind., owned and operated by Indianapolis Power & Light.

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