Chicago tweaks finance teams on $1.2 billion refinancing
The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.
Primary bond market
Chicago finds refunding savings in downsized securitization deal
Chicago officials say the city will complete its $3 billion securitization program with a $600 million deal as soon as January.
Chicago supersizes deal to wrap up securitization program early
The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.
Pre-marketing on Chicago Sales Tax deal indicates wider tax-exempt spreads
A pre-marketing wire on the Sales Tax Securitization Corp.'s $366.2 million of tax-exempts indicates the Chicago deal may see wider spreads than in its bond sale last month.
Chicago suburb follows city with securitization, bypassing junk rating
Bridgeview, Illinois is the second Illinois home rule community to take advantage of new borrowing program.
Looming end of advance refundings draws Illinois tobacco deal to market
The Railsplitter Tobacco Settlement Authority will price a $679 million current and advance refunding of tobacco bonds.
Triple-A ratings boost Chicago’s new bond program
Strong legal and structural protections earned the debt top grades from Kroll and Fitch. S&P wasn't as bullish.
Chicago aldermen cast off skepticism, pass securitization program
The allure of promised savings persuaded most Chicago City Council members.
Chicago lays out $3 billion sales tax securitization plans for council
Chicago hopes to get into the market by year's end with the first of up to $3 billion of refunding under new credit.
