CHICAGO — Cook County, Ill., will enter the market beginning Wednesday with $600 million of taxable and tax-exempt bonds in its new administration’s first borrowing since taking office last year.

The transaction is a mix of new-money and refunding bonds for restructuring purposes with some minor net present-value savings. The refunding will push off debt service payments for the next three years, achieving $300 million of budget relief for the cash-strapped county government.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.