CHICAGO — Minnesota has selected RBC Capital Markets — the winning bidder on a $635 million new-money sale last week — to lead its upcoming sale of at least $650 million of general obligation refunding bonds.

The remaining members of the state’s pool of pre-qualified senior managers — Bank of America Merrill Lynch, Barclays Capital, Morgan Stanley, Piper Jaffray & Co., and Wells Fargo Brokerage Services — will serve as co-seniors.

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