CHICAGO – Chicago has launched a new investor relations website to serve as a portal of city fiscal information and updates for investors, analysts, and the public alike.
The site’s debut comes ahead of the city’s issuance of about $400 million of new money and refunding wastewater revenue bonds and $200 million of water revenue bonds on Tuesday and Wednesday, respectively.
Chicago’s chief financial officer, Carole Brown, described the new outreach as part of hers and Mayor Rahm Emanuel’s efforts to increase transparency. “‘This investor relations website is a central component of that work as it provides direct access for investors and the public to easily review and monitor the city’s various bond credits and finances,” she said.
The portal provides information on all of the city’s credits including its general obligation bonds and revenue-backed debt for water, wastewater, and O’Hare International Airport and Midway International Airport. The city also issues sales tax and motor fuel bonds.
The site also provides an events calendar with upcoming bonds offerings and other financial event information, access to other financial documents and the city’s comprehensive annual financial report as well as debt management policies. It also lists key members of the city’s financial team.
Investors and the public can also sign up to receive email alerts from the website when a new calendar event is posted. The site will be managed by Brown’s office and is powered by BondLink.