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City ready to sell $300M in bonds to repair sewer system

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Honolulu is preparing to issue about $300 million in bonds to help pay for repairs and upgrades to the city’s sewage system.

The city said Wednesday proceeds will help pay for work on wastewater pump stations, pipes and facilities in multiple areas including Ala Moana, Kalihi, and Wahiawa.

The bonds will be sold starting next week.

Moody’s and Fitch rated the city’s wastewater revenue bonds “Aa2” and “AA” last year.

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