CHICAGO - Wisconsin is ready to enter the market as soon as tomorrow with a $965 million taxable fixed- and floating-rate restructuring of its outstanding appropriation-backed auction-rate securities, originally issued in 2003 to wipe out its pension-related unfunded liabilities.

Only a general outline of the deal's structure is set, with most structural details such as the maturity schedule still fluid and dependent on market conditions at the time of pricing, according to the state's capital finance officer, Frank Hoadley.

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