WASHINGTON - Maryland kicked off its first-ever negotiated deal with a three-day retail order period that began Friday for $410 million of general obligation bonds. The triple-A rated state also plans to take bids for $100 million of GOs on Wednesday.

Maryland joins other highly rated municipal issuers who have decided to sell bonds through negotiation with underwriters as opposed to taking competitive bids, given the unsettled conditions in the muni market.

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