Aug 28 (Reuters) - Barclays PLC has agreed to raise up to$275 million to fund Detroit's exit from municipal bankruptcy,according to a notice filed in U.S. Bankruptcy Court by the cityon Thursday.
The financing will involve bonds issued through the MichiganFinance Authority then purchased by Barclays at a price equal topar, according to deal's term sheet. (Reporting By Karen Pierog; Editing by Diane Craft)