Vectren subsidiary Southern Indiana Gas redeems $63.6 million bonds

By Marisa Wong

Madison, Wis., Sept. 25 – Southern Indiana Gas and Electric Co. refunded three series of tax-exempt bonds totaling $63.6 million, according to an 8-K filing with the Securities and Exchange Commission.

The three series of bonds were redeemed on Sept. 24 at par plus accrued interest through the issuance of $63.6 million of tax-exempt debt by the Indiana Finance Authority. The new debt is initially secured by Southern Indiana Gas and Electric first mortgage bonds

Southern Indiana Gas and Electric is a wholly owned subsidiary of Vectren Utility Holdings, Inc., which is a wholly owned subsidiary of Evansville, Ind.-based energy holding company Vectren Corp.

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