Indiana Bond Bank calls $10.88 million of its series 1 school bonds

By Tali David

Minneapolis, Dec. 13 - Indiana Bond Bank called $10.88 million of its series 1 taxable school severance funding bonds, according to a news release.

The bank called $6,725,000 of its 6.2% bonds due Jan. 1, 2015 and $4,155,000 of its 6.3% bonds due Jan. 15, 2018 to be redeemed at par plus accrued interest on Jan. 15.

The Bank of New York Mellon Trust Co., NA is the trustee.

Based in Indianapolis, the bond bank acquires funding and makes loans to local government entities throughout the state.

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