Lingering questions about Philadelphia's fiscal health made the private placement of its $150 million of taxable and tax-exempt deficit notes slow going yesterday, officials involved in the transaction said.

By the end of the day, orders for about $90 million had been placed, said Denis J. Carlson, a managing director with A.H. Williams & Co., the underwriter of the offering.

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.