CHICAGO — Chicago is planning three new-money and refunding general obligation and revenue bond sales totaling up to $2 billion to take advantage of the taxable Build America Bond program ahead of its scheduled expiration year end.
The City Council today is expected to approve ordinances paving the way for the issues. One authorizes up to $900 million of GO bonds, including $500 million of new money for various capital projects. Loop Capital Markets LLC is the senior manager and Wells Fargo Securities is co-senior manager. Another six firms round out the syndicate as co-managers.