CHICAGO — Chicago enters the market this week with more than $400 million of mostly new-money water revenue bonds in its first borrowing to benefit from recent rate hikes that paved the way for an acceleration of projects under a five-year, $1.67 billion program.
Siebert Brandford Shank & Co. is senior manager with another nine firms in the underwriting syndicate. Perkins Coie LLP and Shanahan & Shanahan LLP are co-bond counsel. Phoenix Capital Partners LLP is advisor. The deal includes a mix of serial and term maturities.