Date: 12/5/2013
Source: Incapital
Author: Incapital

Incapital Announces Initial Distribution of Municipal Bonds with Ivy Tech Community College of Indiana

Incapital and Ivy Tech Community College of Indiana today announced the successful sale of new issue municipal bonds targeted for distribution to individual investors.

Incapital, a leading underwriter and distributor of fixed income and other financial products, ran the books and offered the municipal bonds through Incapnet, the firm’s proprietary order entry and reporting site offering access to Incapital’s primary and secondary offerings.

This bond offering was the first new issue municipal transaction offered through Incapnet. The College took advantage of Incapital’s unique capabilities to help meet its desired goal of reaching state-wide distribution. It is estimated that approximately 65-70% of the bonds were distributed to individual investors who are Indiana residents.

“We are pleased to be able to increase our investor base through our partnership with Incapital,” said Chris Ruhl, CFO and General Counsel at Ivy Tech Community College of Indiana. “Incapital’s broad distribution network, in collaboration with our innovative approach to this offering, has put us in touch with individual investors right here in Indiana and across the country who are backing major improvements for the College.”

“We are excited to announce this very successful bond offering with Ivy Tech Community College, as it is Incapital’s initial municipal transaction offered solely through Incapnet,” said John Radtke, CEO of Incapital. “This offering and others to follow, provide the retail community access to municipal bonds with similar advantages and market access as our corporate notes programs.”

The issued bonds will provide funding for the construction of new facilities and improvements to the college’s Anderson campus, Bloomington campus, and renovation of existing facilities at the College’s Indianapolis campus, among other activities.

The Ivy Tech Community College bonds designed for individual investors have maturities in 2030, 2031 and 2032. Further information on Incapital is available on incapital.com.