Chicago Sells $287.2M of GO Bonds

Dow Jones12-20

By Josh Beckerman

The City of Chicago sold $287.2 million of general obligation bonds, with proceeds intended for refunding certain bonds and repurchasing and cancelling others.

The bonds have maturities ranging from 2025 through 2041 and all have 5% interest rates, according to a document posted on MuniOS on Thursday. The bond maturing Jan. 1, 2035, was priced at 109.146 and will yield 3.89%.

Bond counsel believes the interest isn't an item of preference for purposes of the alternative minimum tax for individuals.

The bonds have ratings of BBB+ from S&P Global Ratings and A- from Fitch.

The bonds are direct and general obligations of Chicago.

RBC Capital Markets and Ramirez & Co. are lead underwriters.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

December 19, 2024 18:25 ET (23:25 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492272435?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 07:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492272435","market":"hk","top_or_hot":-1,"title":"Chicago Sells $287.2M of GO Bonds","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  The City of Chicago sold $287.2 million of general obligation bonds, with proceeds intended for refunding certain bonds and repurchasing and cancelling others. \n</p>\n<p>\n  The bonds have maturities ranging from 2025 through 2041 and all have 5% interest rates, according to a document posted on MuniOS on Thursday. The bond maturing Jan. 1, 2035, was priced at 109.146 and will yield 3.89%. \n</p>\n<p>\n  Bond counsel believes the interest isn't an item of preference for purposes of the alternative minimum tax for individuals. \n</p>\n<p>\n  The bonds have ratings of BBB+ from S&amp;P Global Ratings and A- from Fitch. \n</p>\n<p>\n  The bonds are direct and general obligations of Chicago. \n</p>\n<p>\n  RBC Capital Markets and Ramirez &amp; Co. are lead underwriters. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 18:25 ET (23:25 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chicago Sells $287.2M of GO Bonds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChicago Sells $287.2M of GO Bonds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Josh Beckerman \n\n\n \n\n\n  The City of Chicago sold $287.2 million of general obligation bonds, with proceeds intended for refunding certain bonds and repurchasing and cancelling others. \n\n\n  The ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4113","symbol_name":"食品零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492272435","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492272435","pubTimestamp":1734650700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The City of Chicago sold $287.2 million of general obligation bonds, with proceeds intended for refunding certain bonds and repurchasing and cancelling others.The bonds have maturities ranging from 2025 through 2041 and all have 5% interest rates, according to a document posted on MuniOS on Thursday. The bond maturing Jan. 1, 2035, was priced at 109.146 and will yield 3.89%.Bond counsel believes the interest isn't an item of preference for purposes of the alternative minimum tax for individuals.The bonds have ratings of BBB+ from S&P Global Ratings and A- from Fitch.The bonds are direct and general obligations of Chicago.RBC Capital Markets and Ramirez & Co. are lead underwriters.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4113":"食品零售","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","GO":"Grocery Outlet Holding","LU0385154629.USD":"贝莱德营养科学基金A2"},"translate_title":"芝加哥出售2.872亿美元GO债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GO":1},"content_text":"By Josh Beckerman \n\n\n \n\n\n  The City of Chicago sold $287.2 million of general obligation bonds, with proceeds intended for refunding certain bonds and repurchasing and cancelling others. \n\n\n  The bonds have maturities ranging from 2025 through 2041 and all have 5% interest rates, according to a document posted on MuniOS on Thursday. The bond maturing Jan. 1, 2035, was priced at 109.146 and will yield 3.89%. \n\n\n  Bond counsel believes the interest isn't an item of preference for purposes of the alternative minimum tax for individuals. \n\n\n  The bonds have ratings of BBB+ from S&P Global Ratings and A- from Fitch. \n\n\n  The bonds are direct and general obligations of Chicago. \n\n\n  RBC Capital Markets and Ramirez & Co. are lead underwriters. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 18:25 ET (23:25 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492272435"}