Bonds

Bond Offering

ILPIBB 2019F (Stormwater Project) Bonds

Offering Summary

Bond Details

Par Amount
$50,000,000
Retail Order Period Begins
No early retail period
Sale Date
October 2, 2019
Closing Date
October 16, 2019
Method of Sale
Negotiated
Bond Type
Fixed Rate
Principal Payment Dates
January 1st
Interest Payment Dates
January 1st & July 1st
Optional Redemption
10 Year Par Call
Expected Structure
Serial Bonds due January 1 of each year from January 1, 2027 to January 1, 2041
Tax Status
Tax Exempt

Additional Information

The Bonds are secured by a pledge of net revenues of the District, which includes all revenues and income from the Stormwater System (including user fees but excluding revenue from ad valorem taxes), minus operation and maintenance expenses.

The bonds do not utilize a debt service reserve fund and do not have the City of Indianapolis’ moral obligation attached.

Offering Participants

Lead Manager

Wells Fargo
Wells Fargo

Kevin Hoecker

312-845-9726

Kevin.Hoecker@wellsfargo.com

Co-Manager

Bond Counsel