Indiana Development calls $51 million Indianapolis Museum of Art bonds

By Marisa Wong

Madison, Wis., May 21 - The Indiana Development Finance Authority plans to redeem its $51 million outstanding variable-rate demand educational facilities revenue bonds, series 2004, issued for the Indianapolis Museum of Art in full on June 19.

The bonds, which are due Feb. 1, 2039, will be redeemed at par.

The issuer noted that the redemption is conditioned on the successful issuance of new educational facilities revenue refunding bonds on June 17.

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