Chicago plans $90.55 million revenue refunding bond sale for Tuesday

By Sheri Kasprzak

New York, Oct. 2 - The city of Chicago plans to price $90.547 million in series 2009 sales tax revenue refunding bonds on Tuesday, according to a calendar of upcoming sales.

The offering includes $68.325 million in series 2009A sales tax revenue refunding bonds, $2.15 million in series 2009B taxable sales tax revenue refunding bonds and $20.072 million in series 2009C taxable revenue refunding capital appreciation bonds.

The 2009A bonds are due 2018 to 2029 and the 2009B bonds are due 2031.

Rice Financial Products Co. is the senior manager. The co-managers are BMO Capital Markets LLC, Gardner Rich LLC and Guzman & Co.

Proceeds will be used to refund a portion of the principal and interest on outstanding series 1998 and 2005 sales tax revenue bonds.

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