Indiana Finance Authority to reoffer $67.83 million in revenue refunding bonds Thursday

By Sheri Kasprzak

New York, July 21 - The Indiana Finance Authority plans to reoffer $67.83 million in series 2003C and series 2003D revenue refunding bonds on Thursday, said a preliminary official statement released Monday.

The bonds (Aa2/AA+/AA) will be reoffered on a negotiated basis with Morgan Stanley as the remarketing agent. The co-managers are City Securities, RBC Capital Markets and SBK-Brooks Investment Corp.

The bonds being reoffered include $52.425 million in series 2003C bonds sold for the Wabash Valley Correctional Facility and $15.405 million in series 2003D bonds sold for the Rockville Correctional Facility.

The 2003C bonds are due 2010 to 2020 and the 2003D bonds are due from 2009 to 2020.

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