BRADENTON, Fla. – Fort Lauderdale, Fla. plans to sell $338 million of taxable pension obligation bonds this week in a deal designed to entice and reassure investors by limiting the city’s ability to enhance future employee benefits.

The 20-year bonds are expected to price Thursday, if the Citi-led deal complies with the city’s requirement of achieving an all-in true interest cost of 4.5% or less.

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