By Sheri Kasprzak
New York, Dec. 7 - The Iowa Finance Authority sold $80.8 million of series 2011 variable-rate Midwestern Disaster Area Relief revenue bonds for Archer Daniels-Midland Co., according to a pricing sheet.
The bonds are due Dec. 1, 2051.
Proceeds from the offering will be used to improve Archer Daniels' Iowa-based processing facilities. The authority began selling the disaster relief bonds in 2008 after tornadoes and storms damaged a large portion of the Midwest.
Headquartered in Decatur, Ill., Archer Daniels-Midland is a grain processing company.
| Issuer: | Iowa Finance Authority/Archer Daniels-Midland Co.
|
| Issue: | Series 2011 variable-rate Midwestern Disaster Area Relief revenue bonds
|
| Amount: | $80.8 million
|
| Maturity: | Dec. 1, 2051
|
| Coupon: | Variable
|
| Price: | 100
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 13
|
© 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.
