By Sheri Kasprzak
New York, June 11 – The City of Chicago priced $124.71 million of series 2014C senior-lien revenue refunding bonds for Chicago Midway Airport, according to a pricing sheet.
The bonds (Aa1/AAA/A+) were sold through J.P. Morgan Securities LLC.
The bonds are due Jan. 1, 2044 and initially bear interest at the weekly rate.
Proceeds will be used to finance certain airport capital projects and repay outstanding commercial paper notes.
Issuer: | City of Chicago/Chicago Midway Airport
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Issue: | Series 2014C senior-lien revenue refunding bonds
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Amount: | $124.71 million
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Maturity: | Jan. 1, 2044
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Coupon: | Weekly
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Price: | 100
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Type: | Negotiated
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Underwriter: | J.P. Morgan Securities LLC
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Ratings: | Moody’s: Aa1
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| Standard & Poor’s: AAA
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| Fitch: A+
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Pricing date: | June 10
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Settlement date: | June 11
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