Chicago Sales Tax Securitization Corp

The deal’s underwriter cited "market conditions," confirming Chicago’s deal was placed on day-to-day status.

The busiest day of the week, and a good test for the market, lies ahead.

The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.

Nineteen deals on the schedule are $100 million or larger, including the $1.3 billion Chicago securitization transaction.

The municipal bond market is gearing up for what should be a busy week, with a bunch of good sized deals and one mega deal.

The muni market will see volume rise in the last week of October as buyers will be treated with a billion deal from Chicago’s Sales Tax Securitization Corp. and a $714 million offering from the Department of Los Angeles airports.

Municipal bond volume is set to rise in the last week of October.

Municipal bond supply takes a leap forward next week as Chicago’s Sales Tax Securitization Corp.’s $1.31 billion deal headlines the new issue calendar.

The city is also considering its first general obligation bond issue since 2017.

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

A $10 billion POB deal would be a tougher sell now that Rahm Emanuel has said he won't seek another term.

Municipal bond buyers are looking ahead to the wide variety of new deals heading their way this week.

Mayor Rahm Emanuel on Tuesday said he will not seek re-election next year.

The Rahm Emanuel administration told aldermen that a POB could save $6 billion and ease future tax and fee hikes.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Chicago is accepting request for qualification submissions to supplement the members of its existing pools.

The city will sell them this year if Rahm Emanuel's administration decides to move forward.

Short term gains would be overshadowed by long-term risks, according to Municipal Market Analytics.

Bond investors had mixed reactions to the city's announcement that it is exploring a pension bond deal.

Securitization or pension obligation bonds are options for the city.