City to sell bonds to ease water-utility debt-WEB ONLY
Indianapolis plans to sell $560 million of municipal bonds to refinance variable-rate debt and to end an interest-rate swap, Bloomberg News reported this morning. Proceeds from the sale will retire three bond issues sold in 2004 and 2005 when Indianapolis bought Indianapolis Water from Merrillville-based NiSource Inc. The proceeds also will help end a bond-swap […]