CHICAGO — After winning long-awaited approval from a bond insurer, Detroit Public Schools plans to enter the market Thursday with $231 million of one-year notes urgently needed to make payroll through August.

The note sale previously had been prevented by Assured Guarantee Ltd., which insures roughly $170 million of DPS bonds originally issued in 2004 .

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.