City of Chicago, IL

Municipal bonds were stronger at midday, as traders get set to see about $9 billion of new issues come to market this week.

Municipal bonds finished stronger on Friday ahead of the upcoming $9 billion new issue calendar.

Municipal bond investors will get to feast on a big new issue calendar, led by an almost $2 billion airport deal coming out of Chicago.

Chicago expects to add more than $9 billion in O'Hare debt in the coming years to upgrade the airport's terminals.

Chicago officials say the city will complete its $3 billion securitization program with a $600 million deal as soon as January.

The Chicago City Council approved the 2020 budget in a near unanimous vote.

J.B. Pritzker coasted to victory without offering much detail about how he plans to solve the state's fiscal problems.

Structural differences insulated Chicago bonds from the worst of the impacts of S&P's new criteria while dragging down the rating of Build Illinois debt.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.

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

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

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.

Financial institutions and other businesses with ties to the kingdom would face a ban on doing business with Chicago under a proposed ordinance.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

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.

Pension obligation bonds won't be in the mayor's budget plan, and rising rates are making it harder for a deal to pencil out.

An asset transfer that links a revenue-producing asset to public pension funds may provide long-term solutions to poorly funded systems.

Candidates in the mayoral and governor's races acknowledge daunting pension burdens without offering concrete solutions.