WASHINGTON — Delaware will sell $340 million of triple-A rated general obligation tax-exempt debt in two transactions next week, pricing $115 million by negotiation and $225 million by competitive bidding.

The negotiated deal, primarily a refunding of GO debt issued in 2005, 2006, 2007, and 2011, is scheduled for Feb. 19, while the competitive deal will be new money and sell Feb. 21. The bonds have earned the top rating from all three major rating agencies, as Delaware is one of only eight states with a unanimous triple-A credit rating.

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