CHICAGO — The Indianapolis Local Public Improvement Bond Bank today will price $466.6 million of debt, marking the second piece of financing for a new $754 million public safety hospital in downtown Indianapolis.

Today’s $466.6 million sale includes $375.6 million of taxable direct-payment Build America Bonds and $91 million of tax-exempt bonds. The tax-exempts mature serially from 2013 through 2022. The BABs are two series of term bonds, one for $135 million maturing in 2030 and one for $241 million that matures in 2040.

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