Indianapolis Local Public Improvement to sell $163.97 million of bonds

By Sheri Kasprzak

New York, Sept. 9 – The Indianapolis Local Public Improvement Bond Bank is set to price $163.97 million of series 2014D AMT refunding bonds for the Indianapolis Airport Authority, according to a preliminary official statement.

The bonds (A1/A/A) will be sold on a negotiated basis with BofA Merrill Lynch and PNC Capital Markets LLC as the senior managers. The co-managers are BMO Capital Markets LLC, Drexel Hamilton LLC, J.P. Morgan Securities LLC and Ramirez & Co. Inc.

The bonds are due 2016 to 2034.

Proceeds will be used to refund existing airport debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.