The Bond Bank was created for the purpose of buying and selling securities of certain qualified entities, including the city, county, all of the city’s special taxing districts, all entities with tax levies that are subject to review and modification by the City-County Council, and certain authorities or entities that lease land or facilities to qualified entities. The Bond Bank manages the outstanding debt and guides the following entities through debt issuance transactions:
- The Health and Hospital Corporation of Marion County
- Indianapolis Public Transportation Corporation (IndyGo)
- Indianapolis Airport Authority
- Indianapolis-Marion County Building Authority
- Capital Improvement Board of Managers (of Marion County, Indiana)
- Marion County Convention and Recreational Facilities Authority
- Marion County
- City of Indianapolis
- Charter Schools sponsored by Office of Mayor, City of Indianapolis
- Fort Harrison Reuse Authority
- Citizens Energy Group (f/k/a Department of Waterworks)
The Indianapolis Bond Bank helps each of the qualified entities lower their respective borrowing costs by purchasing their debt securities at interest rates which are favorable to them. To accomplish this purpose, the Indianapolis Bond Bank issues bonds or notes and works each entity throughout the debt issuing process to ensure optimal results are achieved.
The Bond Bank also assists each of the entities in the day-to-day management of its existing debt by maintaining relationships with each of the rating agencies, assessing and analyzing existing and future market conditions, investor outreach, and post-issuance compliance matters. As a conduit issuer, the Bond Bank provides expertise and counsel to the Qualified Entities with intent of providing better access and results in various forms of capital markets transactions.