Metro Water Reclamation of Greater Chicago preps $432.4 million bonds, including green bonds

By Sheri Kasprzak

New York, June 6 – The Metropolitan Water Reclamation District of Greater Chicago is expected to price $432,395,000 of series 2016 general obligation bonds on Tuesday, according to a preliminary official statement.

The offering is comprised of $286,435,000 of series 2016A unlimited tax G.O. refunding bonds, $41.96 million of series 2016B limited tax G.O. refunding bonds, $30 million of series 2016C unlimited tax capital improvement green bonds, $20 million of series 2016D limited tax capital improvement green bonds, $50 million of series 2016E unlimited tax capital improvement green bonds and $4 million of series 2016F taxable capital improvement green bonds.

The bonds (/AA+/AAA) will be sold on a negotiated basis with BofA Merrill Lynch and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, North South Capital LLC and the Williams Capital Group LP.

The maturities have not been set.

Proceeds will be used to finance capital improvements, as well as to refund the district’s series 2006 bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.