CHICAGO — With its pricing this week of $15 million of extendible rolling tender variable-rate bonds, Milwaukee will complete a three-tiered plan introducing new floating-rate products to the city’s debt portfolio that don’t require liquidity support.

“It’s about lowering our costs and reducing our third-party risks so we don’t have to worry about what happens with the banks,” said Richard Li, public debt specialist in comptroller Martin Matson’s office.

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