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Detroit Wins Approval For $1.5B Utility Bond Refinancing

By Jeff Sistrunk (August 25, 2014, 11:17 PM EDT) -- The city of Detroit on Monday won a bankruptcy judge's approval for its proposal to refinance nearly $1.5 billion in water and sewer bonds, a transaction that is expected to free up additional cash flow and eliminate some of the remaining opposition to its emergence from Chapter 9....

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