Indiana Municipal Power to sell $111.72 million of power revenue bonds

By Sheri Kasprzak

New York, Oct. 21 - The Indiana Municipal Power Agency is set to price $111.72 million of series 2013A power supply system revenue bonds, according to a preliminary official statement.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and BMO Capital Markets LLC, City Securities Corp., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Wells Fargo Securities LLC.

The bonds are due 2017 to 2025 with term bonds due in 2038 and 2042.

Proceeds will be used to finance capital improvements to the state's power supply system, as well as to refund the agency's series 2009B power supply system revenue bonds.

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