CHICAGO - One of the final pieces of outgoing Mayor Coleman Young's plan to stabilize Detroit's finances will fall into place tomorrow, when the city plans to sell about $166 million of, general obligation bonds in two issues.

In one deal, the city will sell $140 million of bonds, insured by AMBAC Indemnity Corp., to refund and restructure $11.8 million of bonds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.