Settlement reached over Detroit bonds -court mediators

June 13 Fri Jun 13, 2014 4:11pm EDT

June 13 (Reuters) - A settlement over the treatment of outstanding limited-tax general obligation bonds in Detroit's historic bankruptcy case has been reached, U.S. Bankruptcy Court mediators announced on Friday.

Details of the settlement, reached between the city and two unnamed parties that either own or insure "a large majority" of the bonds, are in "the final documentation process" and were not disclosed, according to the mediators' statement. (Reporting By Karen Pierog; Editing by Meredith Mazzilli)

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