Chicago exercises call option on its 2003C general obligation bonds

By Tali David

Minneapolis, Nov. 5 - The City of Chicago exercised its option to call all of its project series 2003C general obligation bonds, according to a notice.

The following will be redeemed at par plus accrued interest on Jan. 1:

• $3,705,000 of 5.25% bonds due Jan. 1, 2015;

• $3.86 million of 5.25% bonds due Jan. 1, 2016;

• $200,000 of 5.25% bonds due Jan. 1, 2017;

• $3.82 million of 5.25% bonds due Jan. 1, 2017;

• $110,000 of 5.25% bonds due Jan. 1, 2018;

• $4.08 million of 5.25% bonds due Jan. 1, 2018;

• $4.37 million of 5.25% bonds due Jan. 1, 2019;

• $4.55 million of 5% bonds due Jan. 1, 2020;

• $4.73 million of 5% bonds due Jan. 1, 2021;

• $4,915,000 of 5% bonds due Jan. 1, 2022;

• $5,105,000 of 5% bonds due Jan. 1, 2023;

• $5,305,000 of 5% bonds due Jan. 1, 2024;

• $7,185,000 of 5% bonds due Jan. 1, 2025;

• $7,525,000 of 5% bonds due Jan. 1, 2026; and

• $52,385,000 of 5% bonds due Jan. 1, 2035.

Seaway Bank and Trust Co. is the trustee.

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