The village of Brookfield last week issued nearly $40 million of variable-rate bonds on behalf of the Chicago Zoological Society to finance projects at the Brookfield Zoo, including construction of the Great Bear Wilderness area.

The 30-year bonds will be remarketed weekly. Northern Trust Co. served as underwriter and is providing a letter of credit for the debt, said Ken Kaduk, the Zoological Society’s senior vice president for finance and administration.

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