University bonds available for alumni purchase

UIndy alumni have an upcoming opportunity to invest in the university’s future.

Prudent financial management is crucial as UIndy undertakes its ambitious five-year development plan, investing $50 million in projects that include constructing the multidisciplinary Health Pavilion, renovating Krannert Memorial Library, upgrading science labs and launching new academic programs such as the Master of Public Health degree.

Administrators have determined that the university can save more than half a million dollars by refinancing its remaining 2004 Series Bonds through the issuance of new tax-exempt bonds with a lower interest rate.

Alumni will be able to purchase one or more of these tax-exempt bonds through their personal brokers or the university’s agent, Fifth Third Securities. The preliminary official statement is available for viewing here. The bonds are scheduled to go to market at 10 a.m. EDT on August 13.

As a benefit to the Greyhound alumni community and friends, purchases by individuals will receive first priority over institutional sales. If you are interested in purchasing bonds, contact your broker or Darrick Hutchens, CFP, with Fifth Third Securities at (317) 587-7067.