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Chicago Midway Airport organizes $124.71 million refunding bond deal
By Sheri Kasprzak
New York, June 9 – The City of Chicago is set to price $124.71 million of series 2014C senior-lien revenue refunding bonds for the Chicago Midway Airport, according to a preliminary official statement.
The bonds (Aa1/AAA/A+) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the sole underwriter.
The bonds are due Jan. 1, 2044.
Proceeds will be used to finance certain airport capital projects and repay outstanding commercial paper notes.
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