CHICAGO -- The Indianapolis Local Public Improvement Bond Bank is scheduled to price $140 million of lease-backed revenue bonds today in what is the first issue in a total of $1 billion of bonds to be sold over the next three years to fund construction of an airplane maintenance facility.

But the bonds will go to market without a rating from Standard & Poor's Corp., which declined to rate the issue because of problems with the way the deal was structured, according to Cathy Daicoff, a managing director at the rating agency.

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