Indiana Finance Authority to sell $271.28 million Duke Energy refunding bonds Thursday

By Sheri Kasprzak

New York, Jan. 2 - The Indiana Finance Authority is expected to sell $271.275 million in series 2009A refunding revenue bonds on behalf of Duke Energy Indiana, Inc. Thursday, confirmed a sellside source connected to the offering.

The sale includes $44.025 million in series 2009A-1 bonds, $23 million in series 2009A-2 bonds, $77.125 million in series 2009A-3 bonds, $77.125 million in series 2009A-4 bonds and $50 million in series 2009A-5 bonds.

The bonds (Aaa/VMIG 1) will be sold on a negotiated basis with KeyBanc Capital Markets as the lead manager for the series 2009A-1 and 2009A-3 bonds, Morgan Stanley as lead for the series 2009A-2 bonds, Banc of America Securities as lead for the series 2009A-4 bonds and Wells Fargo Brokerage Services as lead on the series 2009A-5 bonds.

The bonds initially bear interest at the weekly rate mode.

Proceeds will be used to refund existing obligations.

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