Indiana Finance to sell $131.85 million bonds for Indianapolis Power

By Sheri Kasprzak

New York, May 27 - The Indiana Finance Authority plans to price $131.85 million in series 2009 environmental facilities refunding revenue bonds for the Indianapolis Power & Light Co., according to a preliminary official statement. The bonds are set to price in June.

The sale includes $41.85 million in series 2009A bonds, $30 million in series 2009B bonds and $60 million in series 2009C bonds.

The bonds (Baa1/BBB/BBB+) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Goldman, Sachs & Co. as the lead managers.

The bonds are due Jan. 1, 2016.

Proceeds will be used to refund the company's series 2005A, 2005B and 2006A bonds.

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