Chicago Readies $220M Deal for July, $100M Offering This Fall

Shields, Yvette
June 2006
Bond Buyer;6/23/2006, Vol. 356 Issue 32409, p40
Trade Publication
The article reports on the plan of the city of Chicago, Illinois to enter the market with a new money, second-lien clean water revenue bond sale for about $220 million, and will possibly return in the fall of 2006 to borrow an additional $100 million for sewer system projects. The bonds were rated AA by Fitch Ratings, A3 by Moody's Investors Service Inc., and A-plus by Standard & Poor's. The city may use proceeds for several recycling centers, parking garages, and Midway Airport to help prop up pension funds.


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