New Issue: Posey County, Ind., sells $1.26 billion bonds for Midwest Fertilizer

By Sheri Kasprzak

New York, June 28 - Posey County, Ind., sold $1,259,000,000 of series 2013A economic development revenue bonds for Midwest Fertilizer Corp., according to a pricing sheet.

The bonds (/A-1+/) were sold through lead managers Guggenheim Securities LLC and Citigroup Global Markets Inc.

The bonds are due July 1, 2046 and have a 0.75% coupon priced at par.

Proceeds will be used to finance the construction, acquisition, equipment and improvement of a nitrogen fertilizer plant in Posey County.

Issuer:	Posey County, Ind./Midwest Fertilizer Corp.
Issue:	Series 2013A economic development revenue bonds
Amount:	$1,259,000,000
Maturity:	July 1, 2046
Coupon:	0.75%
Price:	100
Type:	Negotiated
Underwriters:	Guggenheim Securities LLC and Citigroup Global Markets Inc.
Rating:	Standard & Poor's: A-1+
Pricing date:	June 27
Settlement date:	July 1

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