Cook County, Ill., arranges $130 million offering G.O. refunding debt

By Sheri Kasprzak

New York, Jan. 9 - Cook County, Ill., is set to price $130 million of series 2014A general obligation refunding bonds, according to a preliminary official statement.

The bonds (A1/AA/AA-) will be sold on a negotiated basis with Loop Capital Markets LLC and BMO Capital Markets LLC as the senior managers. The co-managers are Barclays, George K. Baum & Co., PNC Capital Markets LLC, Robert W. Baird & Co. and Wells Fargo Securities LLC.

The maturities have not been set

Proceeds will be used to refund by either redemption or purchase existing G.O. debt issued by the county.

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