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Chicago coordinates $405 million offering of general obligation bonds
By Sheri Kasprzak
New York, March 3 - The City of Chicago is set to price $405 million of series 2014 general obligation bonds, according to a preliminary official statement.
The deal includes series 2014A G.O. project and refunding bonds and series 2014B taxable G.O. and refunding bonds.
The bonds (/A+/A-) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are BMO Capital Markets LLC, Cabrera Capital Markets LLC, William Blair & Co., Blaylock Beal Van LLC, Estrada Hinojosa & Co. Inc., George K. Baum & Co., Mischler Financial Group Inc., North South Capital LLC and Williams Capital Group LP.
The maturities have not been set.
Proceeds will be used to finance road resurfacing and improvements, the installation of guardrails, the replacement of curbs and gutters, the improvement of park facilities and other citywide improvements.
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