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Iowa Finance to sell $1.19 billion of Midwestern disaster area bonds
By Sheri Kasprzak
New York, Dec. 6 - The Iowa Finance Authority is expected to sell $1,194,000,000 of series 2012 Midwestern disaster area revenue bonds for the Iowa Fertilizer Co., according to a preliminary official statement.
The bonds (/A-1+/) will be sold through Citigroup Global Markets Inc.
The bonds are due Dec. 1, 2050.
Proceeds will be used to finance the construction of a nitrogen fertilizer plant in Lee County, Iowa.
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