CHICAGO - The Indianapolis Public Improvement Bond Bank plans to enter the market by the end of the month to begin refunding a trio of troubled variable-rate water revenue bond issues that have become such a drain on Indianapolis' water department that officials are seeking an emergency rate increase.

(Click here to see larger version of chart).

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.