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Chicago Board of Education coordinates $403.98 million G.O. bond sale
By Sheri Kasprzak
New York, May 9 - The Chicago Board of Education plans to price $403.98 million of series 2013A unlimited tax general obligation refunding bonds, according to a preliminary official statement.
The offering includes $122,605,000 of series 2013A-1 G.O. bonds, $124.32 million of series 2013A-2 Sifma index bonds and $157,055,000 of series 2013A-3 Sifma index bonds.
The bonds will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC.
The 2013A-1 bonds are due March 1, 2026. The 2013A-2 bonds are due March 1, 2035, and the 2013A-3 bonds are due March 1, 2036.
Proceeds will be used to refund certain outstanding G.O. bonds.
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