CHICAGO — The Indianapolis Local Public Improvement Bond Bank plans to enter the market next week with $200 million of subordinate, special-tax bonds to refund debt issued 14 years ago to finance Conseco Fieldhouse, home of the Indiana Pacers pro basketball team.

The transaction could save up to $10 million, for a net present-value savings of around 5%, over the life of the debt, officials said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.