CHICAGO — Fighting insolvency, the Xenia Rural Water District of Iowa made a partial debt-service payment due last week on $83 million of water revenue bonds — with CIFG Assurance North America Inc. covering the remainder — as the struggling utility prepares to release a restructuring plan later this month.

The district paid $1.8 million toward its principal and interest payment due Dec. 1 on the 2006 bonds, an amount that was $1.26 million shy of the full payment. CIFG, the original insurer of the bonds, said it covered the shortfall in a timely manner.

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