Chicago Park District, Ill., plans $207.82 million of G.O. bonds

By Sheri Kasprzak

New York, May 30 - The Chicago Park District of Illinois is set to price $207.82 million of limited tax general obligation bonds during the week of June 2, according to a preliminary official statement and a sales calendar.

The bonds will be sold through senior manager Mesirow Financial Inc. The co-managers are Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc., William Blair & Co. Inc., Lebenthal & Co. LLC and Drexel Hamilton LLC.

The offering includes $41,275,000 of series 2014A limited tax park G.O. bonds, $93,035,000 of series 2014B limited tax refunding bonds, $46.93 million of series 2014C limited tax refunding bonds, $26.58 million of series 2014D limited tax refunding bonds.

The maturities have not been set.

Proceeds will be used to finance the construction, improvement and equipment of parks within the district, as well as to refund existing G.O. debt.

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