CHICAGO - The Indianapolis Public Improvement Bond Bank this week enters the market with its long-planned restructuring of auction-rate and insured variable-rate water works revenue debt in a $569 million transaction.

The deal - that will end an 18-month-long period of higher market-driven interest costs that drained water department coffers and damaged its credit - could price as soon as Tuesday, but is tentatively set for Wednesday, said bond bank deputy director and general counsel Deron Kintner.

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