Cook County, Ill., set to sell $400 million in G.O. bonds Wednesday

By Sheri Kasprzak

New York, Oct. 16 - Cook County in Illinois plans to price $400 million in series 2009 general obligation and G.O. refunding bonds, according to a preliminary official statement. The sale is scheduled for Wednesday.

The sale includes $300 million in series 2009C G.O. refunding bonds, $95 million in series 2009D general obligation capital equipment bonds and $5 million in series 2009E taxable G.O. bonds.

Loop Capital Markets LLC and Ramirez & Co. Inc. are the senior managers. The co-managers are Citigroup Global Markets Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co.

The maturities have not been determined.

Proceeds will be used to refund existing debt, as well as to fund capital equipment costs.

The county seat of Cook County is Chicago.

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