DALLAS – A Dallas suburb has raised $186 million for a major retail development in a complex deal that combines unrated debt with the first bonds insured by Berkshire Hathaway Assurance in more than three years.

The Colony, a bedroom community in the northern suburbs of Dallas, priced five series of bonds through negotiation Wednesday and Thursday with Piper Jaffray and Jefferies. The deal included $106.9 million insured by Berkshire and about $80 million of unrated debt, all taxable.

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