Chicago to redeem $133.67 million airport, sales tax and bridge bonds

By Melissa Kory

Cleveland, Nov. 30 - The city of Chicago said it will redeem $133.665 million of bonds on Jan. 1.

The redemption will include the following:

• $4.5 million of $44.3 million series 1994C O'Hare International Airport general airport second-lien revenue bonds due Jan. 1, 2018;

• $3.6 million of $36.1 million series 1994B O'Hare general airport second-lien revenue bonds due Jan. 1, 2018;

• $445,000 of $114.15 million series 2002A variable-rate sales tax revenue refunding bonds due Jan. 1, 2034; and

• $125.12 million of 5.5% series 2000 skyway toll bridge revenue bonds due Jan. 1, 2031.

The 1994C, 1994B and 2002A bonds will be redeemed on Jan. 1 at par plus accrued interest to the redemption date. The 2000 bonds will be redeemed at 101% plus accrued interest.

Bank of New York Mellon Trust Co., NA is the redemption agent.

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