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  • NEW ISSUE RATINGS: BOOK-ENTRY-ONLY Moody’s: “Aa1”; S&P: “AA” See “RATINGS” herein

    In the opinion of Bond Counsel and Co-Bond Counsel, under existing laws, regulations, published rulings and judicial decisions, interest on the Series 2009A Bonds (as defined herein) is excludable from gross income under Section 103 of the Internal Revenue Code of 1986, as amended and in effect on the date of delivery of the Series 2009A Bonds, for federal income tax purposes. Such excludability is conditioned on continuing compliance with certain tax covenants as defined and described herein. In the opinion of Bond Counsel and Co-Bond Counsel, under existing laws, regulations, published rulings and judicial decisions, interest on the Series 2009A Bonds is exempt from income taxation in the State of Indiana. See “TAX MATTERS” and APPENDIX E.

    $69,785,000 THE TRUSTEES OF INDIANA UNIVERSITY

    INDIANA UNIVERSITY CONSOLIDATED REVENUE BONDS SERIES 2009A

    Dated: Date of Issuance Due: June 1, as shown on the inside cover

    The Trustees of Indiana University’s Indiana University Consolidated Revenue Bonds, Series 2009A (the “Series 2009A Bonds”), will be issued only as fully registered bonds, and when issued, will be registered in the name of CEDE & Co., as nominee for The Depository Trust Company, New York, New York (“DTC”). Purchases of beneficial interests in the Series 2009A Bonds will be made in book-entry only form. Purchasers of a beneficial interest in the Series 2009A Bonds (“Beneficial Owners”) will not receive physical delivery of certificates representing their interests in the Series 2009A Bonds. The Series 2009A Bonds will be issued in denominations of $5,000 or any integral multiple thereof. Payments of the principal of and interest on the Series 2009A Bonds will be paid directly to DTC by The Bank of New York Mellon Trust Company, N.A., as trustee and paying agent under the Indenture (herein defined) as long as DTC or its nominee is the registered owner of the Series 2009A Bonds. The final disbursements of such payments to the Beneficial Owners of the Series 2009A Bonds will be the responsibility of the DTC Participants and the Indirect Participants. See “DESCRIPTION OF SERIES 2009A BONDS–Book-Entry-Only System.”

    The Series 2009A Bonds are being issued pursuant to resolutions of the Trustees of Indiana University, a statutory body politic, created and existing under the laws of the State of Indiana (the “University”), and an Indenture of Trust, dated as of January 15, 2008, as supplemented by the Second Supplemental Indenture, dated as of March 15, 2009 (collectively, the “Indenture”), between the University and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). The proceeds of the Series 2009A Bonds will be used to (i) finance the cost of all or any portion of the Projects (as defined herein), which include, among other things, the acquisition, construction, improvement and equipping of various structures, improvements and facilities of the University; and (ii) pay various costs incidental to the issuance of the Series 2009A Bonds (all as described more fully herein).

    The Series 2009A Bonds are subject to redemption prior to maturity as described herein. See “DESCRIPTION OF SERIES 2009A BONDS–Redemption.”

    The Series 2009A Bonds, and any additional bonds issued on a parity therewith, are limited obligations of the University, payable solely from the Available Funds (as described and defined herein), which include (a) the Net Income of the Facilities (as defined herein), and (b) any and all other funds of the University available for transfer to the Sinking Fund, all only to the extent not pledged, restricted, or specifically authorized for other purposes, now or in the future, or otherwise restricted by law. Available Funds does not include (i) student fees pledged for other purposes or otherwise restricted by law; (ii) Prior Encumbered Revenues (as defined herein) to the extent of such encumbrance; (iii) other specifically identified revenues or funds pledged or otherwise dedicated or restricted for other purposes; or (iv) moneys appropriated by the Indiana General Assembly and specifically authorized for other purposes or otherwise restricted by law. The Series 2009A Bonds are not a general obligation, debt, liability or charge against any property or fund of the University or the State of Indiana. See “SOURCES OF PAYMENT FOR THE BONDS.”

    (A detailed maturity schedule is set forth on the inside cover.)

    This cover page contains certain information for quick reference only. It is not a summary of this issue. Investors must read the entire Official Statement to obtain information essential to making an informed investment decision.

    The Series 2009A Bonds are being offered when, as and if issued by the University and received by the Underwriters (as defined herein), subject to prior sale, to withdrawal or modification of the offer without notice, and to the approval of legality by Ice Miller LLP, Indianapolis, Indiana, Bond Counsel, and the Law Office of Darla Y. Williams & Associates, PC, Indianapolis, Indiana, Co-Bond Counsel. Certain legal matters will be passed upon for the University by Dorothy J. Frapwell, Esq., Vice President and General Counsel to the University, and for the Underwriters by their counsel, Baker & Daniels LLP, Indianapolis, Indiana, and co-counsel, Coleman Stevenson & Montel, LLP, Indianapolis, Indiana. It is expected that the Series 2009A Bonds in definitive form will be available for delivery to DTC in New York, New York, on or about April 2, 2009.

    BARCLAYS CAPITAL

    City Securities Corporation Loop Capital Markets, LLC

    Date: March 25, 2009

  • MATURITY SCHEDULE

    $69,785,000 Series 2009A Bonds

    Maturing June 1

    Principal Amount

    Interest Rate

    Yield

    CUSIP

    2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

    $ 205,000 2,445,000 2,570,000 2,700,000 2,810,000 2,960,000 3,050,000 3,200,000 3,355,000 3,525,000 3,405,000 3,585,000 3,775,000 3,970,000 4,180,000 4,335,000 4,560,000 4,800,000 5,050,000 5,305,000

    3.000% 5.000 5.000 4.000 5.500 2.875 5.000 5.000 5.000 5.000 5.250 5.250 5.250 5.250 5.250 5.250 5.250 5.250 5.000 5.000

    1.120% 1.670 1.930 2.330 2.730 3.000 3.210 3.430 3.600 3.790 4.000* 4.200* 4.350* 4.510* 4.670* 4.810* 4.900* 5.000* 5.080 5.120

    455167Y59 455167Y67 455167Y75 455167Y83 455167Y91 455167Z25 455167Z33 455167Z41 455167Z58 455167Z66 455167Z74 455167Z82 455167Z90 4551672A3 4551672B1 4551672C9 4551672D7 4551672E5 4551672F2 4551672G0

    ________________ *Priced to the first par call date of June 1, 2019

  • NO DEALER, BROKER, SALESPERSON OR OTHER PERSON HAS BEEN AUTHORIZED BY THE UNIVERSITY OR THE UNDERWRITERS TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS OTHER THAN THOSE CONTAINED IN THIS OFFICIAL STATEMENT, AND IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE UNIVERSITY OR THE UNDERWRITERS. THE INFORMATION IN THIS OFFICIAL STATEMENT HAS BEEN OBTAINED FROM THE UNIVERSITY AND OTHER SOURCES CONSIDERED TO BE RELIABLE, BUT IS NOT GUARANTEED AS TO ACCURACY OR COMPLETENESS AND IS NOT TO BE CONSTRUED AS A REPRESENTATION BY THE UNDERWRITERS. ANY INFORMATION OR EXPRESSIONS OF OPINION IN THIS OFFICIAL STATEMENT ARE SUBJECT TO CHANGE WITHOUT NOTICE, AND NEITHER THE DELIVERY OF THIS OFFICIAL STATEMENT NOR ANY SALE OF THE SERIES 2009A BONDS SHALL, UNDER ANY CIRCUMSTANCES, CREATE AN IMPLICATION THAT THERE HAS BEEN NO CHANGE AS TO THE AFFAIRS OF THE UNIVERSITY SINCE THE DATE OF THIS OFFICIAL STATEMENT.

    THE UNDERWRITERS HAVE PROVIDED THE FOLLOWING SENTENCE FOR INCLUSION IN THIS OFFICIAL STATEMENT. THE UNDERWRITERS HAVE REVIEWED THE INFORMATION IN THIS OFFICIAL STATEMENT IN ACCORDANCE WITH AND AS PART OF ITS RESPONSIBILITIES TO INVESTORS UNDER THE FEDERAL SECURITIES LAWS AS APPLIED TO THE FACTS AND CIRCUMSTANCES OF THIS TRANSACTION, BUT THE UNDERWRITERS DO NOT GUARANTEE THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION.

    IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE UNIVERSITY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THE SERIES 2009A BONDS HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

    IN CONNECTION WITH THIS OFFERING, THE UNDERWRITERS MAY OVERALLOT OR EFFECT TRANSACTIONS WHICH STABILIZE OR MAINTAIN THE MARKET PRICE OF THE SERIES 2009A BONDS AT A LEVEL ABOVE THAT WHICH MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH STABILIZING, IF COMMENCED, MAY BE DISCONTINUED AT ANY TIME.

    THIS OFFICIAL STATEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE SERIES 2009A BONDS IN ANY JURISDICTION IN WHICH OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER, SOLICITATION OR SALE.

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    TABLE OF CONTENTS

    Page

    INTRODUCTION ...........................................................................................................................1

    The University .....................................................................