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Detroit's $1.5B Utility Bond Refinancing Succeeds

By Andrew Scurria (August 22, 2014, 5:28 PM EDT) -- The Detroit Water and Sewerage Department on Friday elected to refinance $1.5 billion in revenue bonds, a success for the city's contested bankruptcy exit plan that should free up additional cash flow and eliminate some of the remaining opposition to its emergence from Chapter 9....

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