BRADENTON, Fla. - Bankrupt Jefferson County, Ala., sold $1.8 billion of new sewer warrants following the completion of a three-day pricing, County Commission President David Carrington said in a brief statement Tuesday night.

“Despite the challenges, all of the county's new sewer warrants have been purchased by the underwriters at an all-in cost of borrowing of 6.964% and an average maturity of 32.03 years,” Carrington said. “More than 200 investors placed orders, including international investors located in Europe and Asia.”

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