Chicago Board of Education to sell $110 million G.O. refunding bonds

By Sheri Kasprzak

New York, Dec. 10 - The Chicago Board of Education plans to price $110 million of series 2012B unlimited tax general obligation refunding bonds, according to a preliminary official statement.

The bonds (A2/A+/A) will be sold on a negotiated basis with Citigroup Global Markets Inc. and William Blair & Co. Inc. as the senior managers. The co-managers are Drexel Hamilton LLC, Estrada Hinojosa & Co. Inc., M.R. Beal & Co. Inc., North South Capital LLC and The Williams Capital Group LP.

The maturities have not been set.

Proceeds will be used to refund existing debt.

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