Chicago Transit Authority preps $555 million sales tax receipts bonds

By Sheri Kasprzak

New York, June 12 – The Chicago Transit Authority is set to price $555 million of series 2014 sales tax receipts revenue bonds, according to a preliminary official statement.

The bonds (/AA/) will be sold on a negotiated basis with Loop Capital Markets LLC as the senior manager. The co-senior managers are Barclays, Morgan Stanley & Co. LLC and William Blair & Co. Inc. The co-managers are Cabrera Capital Markets LLC, Blaylock Beal Van LLC, Estrada Hinojosa & Co. Inc., Piper Jaffray & Co., PNC Capital Markets LLC, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to finance capital projects under the authority’s capital plan.

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