Chicago to remarket $300 million bonds for O'Hare airport

By Cristal Cody

Tupelo, Miss., Sept. 5 - Chicago plans to remarket $300 million of bonds for the Chicago O'Hare International Airport, according to a preliminary remarketing circular.

The $200 million series 2005C third-lien revenue bonds (//AA) and $100 million series 2005D third-lien revenue bonds (//AAA) will be reoffered on Sept. 11 with a weekly interest rate.

Chicago canceled insurance polices from CIFG Assurance North America as part of the remarketing.

The bonds are due 2035.

Citigroup Global Markets is the remarketing agent.

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