CHICAGO — The junk-rated city of Detroit will access the market through a Michigan conduit Thursday as it seeks to raise $100 million to finance a new police headquarters in a vacant MGM casino.

The sale of $100 million of taxable general obligation bonds is one of two deals this week from the Michigan Finance Authority, the state's main bond issuing authority. Tuesday, the authority began refunding $535 million of school loan bonds. The fixed-rate portion of the transaction is scheduled for Wednesday.

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