Raleigh, N.C., is issuing $114.5 million of triple-A-rated water and sewer revenue bonds Thursday, bolstering city utility resources that have been constrained in recent years by the national recession and a regional drought.

Based on strong demand during a retail order period Wednesday, Raleigh and its underwriters decided to accelerate the institutional sales to Wednesday as well, according to city debt manager Fred Blackwood.

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