CHICAGO - Completing the process it began in March, Wisconsin wrapped up the restructuring of its nearly $1 billion portfolio of taxable auction-rate securities earlier this week with the sale to Dexia Group of $210 million of variable-rate index bonds that will refund the state's remaining ARS.

The state signed a bond purchase agreement with Dexia on Wednesday setting the price on the debt at the London Interbank Offered Rate plus 1.10%, Wisconsin capital finance director Frank Hoadley said yesterday.

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