CHICAGO - The Wayne County Airport Authority plans to enter the market next week with $145 million in fixed-rate airport revenue bonds for Detroit Metropolitan Wayne County Airport in the first of two transactions to refinance a swath of outstanding variable-rate debt.

The airport plans next Wednesday to sell $145 million in fixed-rate, senior-lien airport revenue bonds that would refund roughly $142 million in outstanding variable-rate demand obligations originally sold in 2002. That debt was insured by Financial Guaranty Insurance Co., the former triple-A monoline insurer that now carries junk-bond ratings.

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