Local firm snags major deal from Wall Street: City Securities leads $390 million airport bond issue

Indianapolis-based City Securities Corp. is leading a $390 million bond issue for the Indianapolis International Airport expansion. To snag the deal, it overcame a host of far larger competitors on Wall Street. To paraphrase Mark Twain, reports of the death of local investment banking are greatly exaggerated. It's the second-largest bond deal in City Securities' 82-year history, surpassed only by the city's 2002 purchase of Indianapolis Water Co. for $580 million. City Securities also led the water deal. "We've done...

 

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