Iowa Fertilizer Co. plans $1.2 billion Midwestern disaster bond deal

By Sheri Kasprzak

New York, April 15 - The Iowa Finance Authority is expected to price $1,194,000,000 of series 2013 Midwestern disaster area revenue bonds for the Iowa Fertilizer Co., according to a preliminary official statement.

The bonds will be sold through Citigroup Global Markets Inc. and BofA Merrill Lynch.

The bonds are due 2019, 2022 and 2025.

Proceeds will be used to construct a nitrogen-based fertilizer and industrial production facility in southeastern Iowa, near the Illinois border.

© 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.