Indianapolis paid an interest rate of 5.25% on its recent issue of qualified Midwestern disaster area bonds issued last month to help finance a new downtown development project on behalf of Eli Lilly & Co.

The city paid 5.25% on the debt with maturities of 2021 through 2027. It secured a rate of 5.5% for bonds with a 2028, 2029 and 2033 maturities, and 5.75% for $15 million of bonds that mature in 2036.

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