CHICAGO — Chicago enters the market today to refund $90.5 million of sales tax revenue bonds for savings that will help chip away at the red ink that drove Fitch Ratings’ decision to put a negative outlook on the city’s general obligation and sales tax-backed credits.

The deal is broken into three series with Rice Financial Products Co. serving as the senior manager. Peck Shaffer & Williams LLP is bond counsel and Golden & Associates PC is co-bond counsel. TKG & Associates is financial adviser.

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