Philadelphia tomorrow will begin to sell about $535 million of bonds in a sale to be completed in the coming weeks in two parts.

The city tomorrow will sell about $218 million of fixed-rate bonds, and it will also execute a SIFMA swap, which is directly tied to its variable-rate bonds. Then on or near Dec. 20, the closing date, Philadelphia will sell $317 million of variable-rate bonds prior to closing the deal, according to city officials.

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