Incapital Announces Initial Distribution of Municipal Bonds with Ivy Tech Community College of Indiana
BOCA RATON, Fla. and CHICAGO, Dec. 5, 2013 /PRNewswire/ -- Incapital and Ivy Tech Community College of Indiana today announced the successful sale of new issue municipal bonds targeted for distribution to individual investors.
Incapital, a leading underwriter and distributor of fixed income and other financial products, ran the books and offered the municipal bonds through Incapnet, the firm's proprietary order entry and reporting site offering access to Incapital's primary and secondary offerings.
This bond offering was the first new issue municipal transaction offered through Incapnet. The College took advantage of Incapital's unique capabilities to help meet its desired goal of reaching state-wide distribution. It is estimated that approximately 65-70% of the bonds were distributed to individual investors who are Indiana residents.
"We are pleased to be able to increase our investor base through our partnership with Incapital," said Chris Ruhl, CFO and General Counsel at Ivy Tech Community College of Indiana. "Incapital's broad distribution network, in collaboration with our innovative approach to this offering, has put us in touch with individual investors right here in Indiana and across the country who are backing major improvements for the College."
"We are excited to announce this very successful bond offering with Ivy Tech Community College, as it is Incapital's initial municipal transaction offered solely through Incapnet," said John Radtke, CEO of Incapital. "This offering and others to follow, provide the retail community access to municipal bonds with similar advantages and market access as our corporate notes programs."
The issued bonds will provide funding for the construction of new facilities and improvements to the college's Anderson campus, Bloomington campus, and renovation of existing facilities at the College's Indianapolis campus, among other activities.
The Ivy Tech Community College bonds designed for individual investors have maturities in 2030, 2031 and 2032. Further information on Incapital is available on incapital.com.
Based in Boca Raton and Chicago, Incapital has established itself as one of the leading underwriters and distributors of a wide range of securities and investment products to broker-dealers, asset managers and institutional investors. Incapital originates and distributes offerings across multiple asset classes including fixed income, equity and equity hybrid securities.
Incapital LLC, 200 South Wacker Dr. Suite 3700 Chicago, IL 60606. Phone: 312.379.3700
1800 North Military Trail Suite 400 Boca Raton, FL 33431 Phone: 561.361.1100
The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy securities. Investment products described herein may not be offered for sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or prohibited by the specific offering documentation. Any specific investment terms are for illustration purposes only and may not reflect the actual terms of an investment product available for purchase from Incapital. Investments in equities and debt involves certain risks including, but not limited to, the risk of loss of principal, market risk, credit risk, duration risk and call risk. This material may not contain a complete discussion of investment terms or risks and you should only rely on the information contained in relevant prospectus and/or offering documentation prior to purchasing an investment product or making a recommendation to a customer. A copy of the relevant registration statement, prospectus, official statement, term sheet, pricing supplement, financial reports and/or other offering information for registered securities and certain exempt securities may be found at the SEC's EDGAR database. Incapital LLC, Member FINRA/SIPC. 200 South Wacker Drive Chicago, IL 60606.
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