Indiana purchases $55 million series 1998 variable-rate revenue bonds

By Devika Patel

Knoxville, Tenn., Nov. 1 - The Indiana Development Finance Authority said it would purchase all $55 million of its $83.8 million issued series 1998 variable-rate environmental improvement revenue bonds.

The bonds were issued for the USX Corp. Project.

The securities will be redeemed at 101.5 plus interest on Dec. 2.

The Bank of New York Mellon Trust Co., NA (800 254-2826) is the trustee.

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