CHICAGO — The Chicago Housing Authority is planning to enter the market as soon as late next week to sell $25 million of taxable revenue bonds under the Build America Bond program in the agency’s first debt issue backed by its own newly minted AA-minus rating.
BMO Capital Markets is senior manager and Cabrera Capital Markets LLC is co-manager. Ice Miller LLP is bond counsel and Greene and Letts is co-bond counsel. The bonds mature between 2011 and 2029. The finance team intends to sell all the maturities as BABs, though some shorter maturities may sell as tax-exempt bonds depending on interest rates, said Treasurer Michael Gurgone.