CHICAGO — The Iowa State Board of Regents will competitively sell $20 million of debt Thursday in the final financing for the $43 million reconstruction and expansion of the Carver-Hawkeye Arena at the University of Iowa.

Springsted Inc. is financial adviser on the sale and Ahlers & Cooney PC is bond counsel. Moody’s Investors Service rates the athletic facilities system revenue bonds Aa2. Standard & Poor’s rates the debt AA-minus.

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