CHICAGO — Rushing to get to market ahead of an end-of- year-deadline, the Iowa Fertilizer Co. will sell $1.2 billion of Midwestern Disaster Area Bonds structured with a mandatory tender in April that gives the company some breathing room to finalize plans for its nitrogen fertilizer plant.

The deal marks one the largest issuances under the $14.6 billion federal program that allows for private-activity bonds for qualified projects in designated counties hit hard by storms in the spring of 2008.

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