Indiana Municipal Power preps $404 million bond offering through Citi

By Sheri Kasprzak

New York, Nov. 19 – The Indiana Municipal Power Agency is scheduled to come to market Dec. 10 with $404 million of series 2015 tax-exempt refunding bonds, according to a statement from the agency.

The bonds will be offered through a syndicate led by Citigroup Global Markets Inc.

The co-managers are Barclays, City Securities Corp., Goldman Sachs & Co., Morgan Stanley & Co. LLC, PNC Capital Markets LLC and US Bank NA.

Proceeds from the deal will be used to refund existing debt.

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