PHILADEPHIA -- Institutional investors interested in buying bonds from Philadelphia's oversight authority will get a sales call this week from city advisers to bring them up to date on the status of the deal, a financial adviser to the authority said Friday.

James F. Haddon, managing director in the municipal securities group at PaineWebber Inc., said the meetings will be the first formal dialogue between potential creditors and the Pennsylvania Intergovernmental Cooperation Authority, the city's oversight board that was created in June.

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