CHICAGO – With underwriting desks back up and running and investor appetites whetted after a lack of primary paper last week, Wisconsin jumped into the market Monday with its taxable $251 million appropriation pledge-backed refunding.

The bonds will pay off a bullet maturity due in May from its 2003 pension-related debt sale. Jefferies & Co. is the senior manager with Citi and Samuel A. Ramirez & Co. serving as co-senior managers. Acacia Financial Group Inc. is the adviser and Quarles & Brady LLP is bond counsel.

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