Indianapolis may sell about $150 million of general obligation bonds early next year pending the outcome of a petition drive and the receipt of governmental approvals for the bond issue, city officials said last week.

Jim Snyder, the city's director of strategic and financial planning, said the bonds would be sold in late January or early February through the Indianapolis Local Public Improvement Bond Bank in a deal headed by Merrill Lynch & Co. He added that co-managers have not yet been picked.

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