CHICAGO — Chicago heads into the market this week with the first piece of $1.2 billion in O'Hare International Airport refunding debt expected to generate double-digit savings while also streamlining the facility's general airport revenue lien structure.

On Wednesday the city will price $729 million of general airport revenue refunding bonds with Barclays Capital in the lead position. The deal is being offered in an A series for $446 million subject to the alternative minimum tax, a B series for $251 million subject to the AMT, and a C series of non-AMT bonds for $32 million.

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