CHICAGO — Minnesota has selected Barclays Capital to lead a team of eight underwriting firms that will bring the state’s first ever tobacco bond sale to market this fall.

Bank of America Merrill Lynch and Jefferies & Co. will serve as co-senior managers while Citi, RBC Capital Markets, Wells Fargo Securities, Samuel A. Ramirez & Co., and U.S. Bank will round out the team, according to Minnesota Management and Budget assistant commissioner for treasury Kristin Hanson.

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