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Indiana Bond Bank

Bond Bank > Long Term Debt Pool Program

Description of Program

  • Assists communities with long term debt financing
  • Combines debt of many entities into a "pooled" financing
  • The Bond Bank has assisted over 200 qualified entities in the Pool Program
  • Term 7-30 years
  • Projects over $100,000
  • Quarterly issues of pooled financing

Advantages

  • Utilize Bond Bank experience in issuing debt
  • Bond Bank prepares offering documents
  • Share fixed costs with other entities
  • Competitive interest rates
  • Easy to utilize program
  • Bond Bank purchases your debt and issues its own debt on the open market

General Steps

  • Complete Preliminary Demand Survey (no obligation to entity)
  • Retain financial advisor (optional)
  • Retain bond counsel
  • Receive necessary approvals and set rates at appropriate level to repay bonds
  • Adopt local bond ordinance
  • Submit application to Bond Bank for approval by the Bond Bank Board of Directors
  • Execute purchase agreement with the Indiana Bond Bank
  • Interim financing available

Questions? Call us at 317-233-0888 or 800-535-6974 or Email