Chicago to sell $70.43 million taxable G.O. tender notes due 2011

By Sheri Kasprzak

New York, June 17 - The city of Chicago plans to sell $70.425 million in series 2009 taxable general obligation tender notes, according to a preliminary official statement.

The notes will be sold through senior managers Loop Capital Markets LLC and Ramirez & Co. Inc.

The notes are due May 31, 2011 and bear interest initially at the weekly rate mode.

Proceeds will be used to fund general expenses.

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