Indiana Finance offers $188.3 million wastewater utility revenue bonds

By Cristal Cody

Tupelo, Miss., Aug. 2 - Indiana Finance Authority plans to price $188,275,000 of first-lien wastewater utility revenue bonds for CWA Authority Inc., according to a preliminary official statement.

The series 2012A bonds (A1/AA/) will price through a negotiated sale.

Morgan Stanley & Co. LLC is the lead manager. Co-managers are City Securities Corp., J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

Proceeds will be used to fund improvements to the wastewater system and repay draws made on the Wells Line.

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