CHICAGO — The city of Battle Creek, Mich., Thursday morning sold the first sizable deal featuring local Michigan general obligation bonds since Detroit's historic bankruptcy filing in a closely watched transaction its bankers deemed a "remarkable success."

Battle Creek was one of three Michigan issuers that had originally planned to sell debt in early August, before pulling back in the face of a market skittish about Michigan GO bonds after Detroit's July 18 Chapter 9 filing in which it plans to treat its GO debt as unsecured.

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