And market participants say they will probably continue to sell bonds throughout 1990.
The city could not sell its bonds in the public market, so it had no capital budget.
Companies that could not have sold bonds late last year now get money easily.
Rather than sell bonds later in the year, they could enter the market now.
The city, however, would sell bonds based on all the Pilot money.
So the city went ahead with its plan to sell new bonds this week to pay off the old debt.
That makes a hard job harder for the people who sell bonds.
The cost of selling the city's bonds was not affected in any way.
Connecticut plans to sell bonds worth at least $50 million.
Well, sure, the government can finance anything by selling bonds.