CHICAGO — Triple-A rated Minneapolis today will competitively sell $130 million of general obligation bonds to raise funds for routine capital projects and to refund debt for about 12% of net present-value savings.

The sale includes four series, including one for $32.3 million of new money. The city rapidly amortizes its debt in under 10 years so there is little net debt-service savings achieved by tapping the Build America Bond program that provides more benefits on mid- to longer-term maturities.

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