City of Chicago, IL

After a week that saw few deals come to market, municipal bond traders will see the calendar perk up a bit next week as several issues of size are set to hit the screens.

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

The $575 million deal proved an easy sell to a market hungry for any municipal paper.

Chicago's new borrowing entity brings $575 million of sales tax securitization bonds to market this week.

Mayor Rahm Emanuel said there would be no taxpayer funding.

A budget without big new tax hikes was an easy sell for Chicago aldermen despite looming pension clouds.

Chicago officials want to highlight the distinctions between the highly rated new securitization and the city's general obligation bonds.

The city still plans to refund its outstanding water debt under its own revenue bond credit.

Strong legal and structural protections earned the debt top grades from Kroll and Fitch. S&P wasn't as bullish.

The collective funded ratio of all Illinois public pension funds is 47.9%, according a state report.

The region's governments could find it harder to generate fresh revenue, Moody’s Investors Service said

Chicago's proposed budget makes incremental progress, according to S&P Global Ratings.

Chicago relying on savings from new securitization borrowing program to help balance 2018 books.

The allure of promised savings persuaded most Chicago City Council members.

The securitization bond program is up for council vote this week, with plans to reach the market by late November.

Chicago hopes to get into the market by year's end with the first of up to $3 billion of refunding under new credit.

Bank of America Merrill Lynch held its No. 1 ranking among municipal underwriters as the biggest firms battled for deals in a shrinking market for new issuance.

The payoff comes as the district takes out new tax anticipation notes.

Chicago-based Mesirow Financial is bulking up its municipal team with several hires on both coasts.

Chicago Mayor Rahm Emanuel's new borrowing program will get an airing before City Council members next week.