Published on 11/5/2012 in the Prospect News Municipals Daily.
New Issue: Indiana Finance brings $175.02 million of Community Foundation bonds
By Sheri Kasprzak
New York, Nov. 5 - The Indiana Finance Authority priced $175.02 million of series 2012 revenue bonds for the Community Foundation of Northwest Indiana Obligated Group, according to a pricing sheet.
The bonds (/A-/A-) were sold through Ziegler Capital Markets Inc.
The bonds are due 2013 and 2015 to 2025 with term bonds due in 2030, 2034 and 2041. The serial coupons range from 2% to 5%. The 2030 bonds have a 5% coupon priced at 110.82, and the 2034 bonds have a 4% coupon priced at 98.583. The 2041 bonds have a 5% coupon priced at 116.847.
Proceeds will be used to construct, acquire, equip, repair or renovate health facilities operated by the obligated group.
| Issuer: | Indiana Finance Authority/Community Foundation of Northwest Indiana Obligated Group
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $175.02 million
|
| Type: | Negotiated
|
| Underwriter: | Ziegler Capital Markets Inc.
|
| Ratings: | Standard & Poor's: A-
|
| Fitch: A-
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 9
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.89 million | 2013 | Serial | 2% | 100.418
|
| $2,025,000 | 2015 | Serial | 4% | 106.717
|
| $1.96 million | 2016 | Serial | 5% | 112.055
|
| $2.53 million | 2017 | Serial | 5% | 114.556
|
| $2,625,000 | 2018 | Serial | 5% | 116.246
|
| $2.72 million | 2019 | Serial | 5% | 116.99
|
| $2,835,000 | 2020 | Serial | 5% | 116.97
|
| $2,935,000 | 2021 | Serial | 5% | 116.208
|
| $3.05 million | 2022 | Serial | 5% | 115.435
|
| $3,175,000 | 2023 | Serial | 5% | 114.39
|
| $3.3 million | 2024 | Serial | 5% | 113.614
|
| $3.42 million | 2025 | Serial | 5% | 113.014
|
| $14,575,000 | 2030 | Term | 5% | 110.82
|
| $35,605,000 | 2034 | Term | 4% | 98.583
|
| $90,375,000 | 2041 | Term | 5% | 116.847
|
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