Request for Information For Managing Underwriter, Placement Agent or Direct Purchase Advance Funding Program Notes, Series 2019 A

11 Oct Request for Information For Managing Underwriter, Placement Agent or Direct Purchase Advance Funding Program Notes, Series 2019 A

The Indiana Bond Bank (“Bond Bank” or “IBB”) is requesting responses from prospective firms to serve as managing underwriter, placement agent, or direct purchaser for its Advance Funding Program Notes, Series 2019 A (“Program” or “Notes”). Unless submitting a response with the intent to purchase the Notes from the IBB and hold as an investment until final maturity, the firm or firms selected as underwriter or placement agent will assist the Bond Bank and its advisors with structuring of the proposed Notes, and will have the sole responsibility of marketing and underwriting/placing the Notes to potential investors or interested banks.

For more information please access the full Advance Funding Request For Information here.

Question and Answer (Posted as Received)

Q1: Does everyone borrowing draw on day one or are they drawing at different times throughout the year? If they are drawing at different times throughout the year what’s the structure behind that?

A:  Great question.  All funds are drawn at once at the closing on January 31st.

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