CHICAGO — Rapid City, S.D., will enter the market Tuesday with $44 million of water revenue bonds, a relatively large borrowing for the single-A rated home of the Mt. Rushmore National Monument.
The city plans a retail order period Tuesday and will open the deal for institutional sales Wednesday. RBC Capital Markets is the underwriter. Dorsey & Whitney LLP is bond counsel, and St. Paul-based Springsted Inc. is the city’s financial adviser.