CHICAGO — Chicago is gearing up to enter the market next week with its long-planned sale of up to $900 million of O'Hare International Airport general airport revenue bonds to raise new money for projects and refund older debt for savings.

The city is offering four series on Oct. 2 that include $80 million of new money securities subject to the alternative minimum tax and $314 million of new money not subject to the AMT. The size of the refunding pieces is dependent on interest rates and includes up to $371 million subject to the AMT and $134 million not subject to the AMT.  The refunding bonds go out to 2034 and the new money to 2044. The bonds are secured by a first lien on airport net revenues.

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