Reuters: Bankruptcy News: Bankrupt Alabama county picks Citigroup to run $1.9 bln bond deal

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Bankrupt Alabama county picks Citigroup to run $1.9 bln bond deal Jul 15th 2013, 17:39 BIRMINGHAM, July 15 | Mon Jul 15, 2013 1:39pm EDT BIRMINGHAM, July 15 (Reuters) - Lawmakers in Alabama's bankrupt Jefferson County on Monday chose Citigroup Global Markets as senior underwriter for a planned $1.9 billion bond refinancing in late 2013 that is central to ending America's biggest municipal bankruptcy case. The county, which last month filed a negotiated plan of adjustment with a U.S. bankruptcy court, also selected Public Resources Advisory Group to act as financial adviser for the sewer warrants deal, according to a resolution passed by county commissioners.

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