WASHINGTON - District of Columbia officials hailed Thursday's negotiated sale of $400 million of tax revenue anticipation notes at an interest rate of 1.09%.

The rate was far better than the 3.13% that the district got for $300 million of Trans it sold last fall, and was a slight improvement over the 1.15% rate that the Indianapolis Public Improvement Bond Bank received for $127 million of Trans that also sold Thursday.

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