CHICAGO — Chicago enters the market this week with $251 million of second-lien Midway International Airport bonds to refund outstanding commercial paper and wrap up financing for a new consolidated rental car facility.

The city will take retail orders on Wednesday and open sales to institutional buyers on Thursday, two weeks after the announcement that Southwest Airlines — Midway’s dominant airline — will purchase rival AirTran Airways. Southwest accounts for 83.9% of the airport’s passenger volume by itself; the two airlines account for a combined 89.6%.

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