CHICAGO - The Missouri Highways and Transportation Commission and its finance team are watching the market closely to decide whether or not to proceed as soon as next week with Missouri's long-planned, first-time issuance of Garvee bonds in a $150 million sale.

The grant anticipation revenue vehicle deal was originally slated for last week, but officials held back as interest rates climbed and buyers shunned the market. Officials said they were more hopeful late last week as institutional and retail interest improved, but no decisions had been made by Monday as they waited to talk to members of the finance team to discuss the deal's timing, said commission chief financial officer Robert Broeker.

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