CHICAGO -Hennepin County, Minn., enters the market today with $120 million of second-lien, fixed-rate revenue bonds, its second of three financings that will raise the $350 million needed to finance the public's share of the Minnesota Twins' new ballpark.

The county held a retail order period yesterday and today will hold the institutional pricing, Hennepin chief financial officer David Lawless said yesterday. The 20-year bonds mark the first use of a second-lien backing of a county sales tax.

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.