CHICAGO — Citizens Energy Group, a nonprofit utility, will enter the market next week with up to $1 billion of new-money and refunding tax-exempt bonds to finance the purchase of Indianapolis’ water and sewer systems.

The triple-A rated city is the largest municipality to sell its water and sewer systems, and the $1.9 billion deal marks one of the largest such purchases in the United States, officials said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.