Chicago O'Hare International Airport plans $998.86 million bond sale

By Sheri Kasprzak

New York, Jan. 18 - The City of Chicago is set to sell $998.855 million of bonds for the Chicago O'Hare International Airport, according to a preliminary official statement.

The offering includes $417.04 million of series 2011A passenger facility charge non-AMT revenue bonds, $43.58 million of series 2011B passenger facility charge non-AMT revenue refunding bonds, $127.065 million of series 2011C passenger facility charge AMT revenue refunding bonds and $411.17 million of series 2011A grant receipts and subordinate-lien passenger facility charge revenue bonds.

Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC are the senior managers for the offering. The co-managers are Barclays Capital Inc.; Estrada Hinojosa & Co. Inc.; Jackson Securities Inc.; Jefferies & Co.; Melvin & Co.; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; and Toussaint Capital Partners LLC.

The maturities have not been set.

Proceeds will be used to make capital improvements at the airport, to refund grant anticipation bonds and commercial paper notes and to make debt service payments.

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