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Published on 12/1/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Chicago to redeem its $133.83 million series 2001A G.O. bonds

By Melissa Kory

Cleveland, Dec. 1 - The City of Chicago announced that it will redeem in full its $133.83 million of Neighborhoods Alive 21 Program series 2001A general obligation bonds.

The bonds will be redeemed on Jan. 1 at par, plus accrued interest to the redemption date.

The following bonds are to be redeemed:

• $2.915 million of 5% bonds due Jan. 1, 2012;

• $3.06 million of 5.5% bonds due Jan. 1, 2013;

• $3.23 million of 5.5% bonds due Jan. 1, 2014;

• $3.405 million of 5.5% bonds due Jan. 1, 2015;

• $3.59 million of 5.5% bonds due Jan. 1, 2016;

• $3.79 million of 5.5% bonds due Jan. 1, 2017;

• $4.45 million of 5% bonds due Jan. 1, 2020;

• $27.315 million of 5.375% bonds due Jan. 1, 2026;

• $35.575 million of 5.5% bonds due Jan. 1, 2031; and

• $46.5 million of 5.5% bonds due Jan. 1, 2036.

U.S. Bank NA is the redemption agent.


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