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Detroit issued bonds Friday to fund the successful tender offer.
December 10 -
Detroit originally planned to sell $112 million of new money GOs but boosted the deal to $135 million as buyers sought the speculative-grade paper.
December 5 -
Municipal bonds were stronger with Treasurys as the Chicago O’Hare airport deal came to market as Detroit sold GOs.
December 4 -
Municipal bonds were stronger with Treasuries at mid-session.
December 4 -
A junk-rated $112 million deal without state backing will test the market's perceptions of the city's recovery from its Chapter 9 bankruptcy.
November 27 -
Detroit will issue $112 million of new money GO bonds and is also considering issuing refunding bonds in December.
November 1 -
Continuity is expected as other financial team members remain while the city conducts a national search for a replacement.
September 6 -
The junk-rated city is eyeing a return to market without a state backstop, but there is no timeline.
June 26 -
It’s the city’s first bond investor conference since exiting active state oversight earlier this year.
June 1 -
The tax plan supports $250 million in bond financing by authorizing the capture of roughly $18.56 million of principal and interest payments annually.
May 23