CHICAGO — The Chicago Transit Authority heads to market as soon as Wednesday with $456 million of sales tax revenue bonds and as much as $96 million of new-money and refunding capital grant-backed bonds to fund the purchase of rail cars.
Wells Fargo Securities is senior manager and Morgan Stanley is co-senior. Katten Muchin Rosenman LLP is bond counsel and Charity & Associates PC is co-bond counsel. A.C. Advisory Inc. and Public Financial Management Inc. are financial advisors. The CTA may go with insurance coverage from Assured Guaranty Municipal Corp. at the pricing if it lowers its overall borrowing costs.