Notification of sale of Sales Tax Securitization Bonds, Refunding Series 2023D (Forward Delivery) and Second Lien Sales Tax Securitization Bonds, Refunding Series 2023C
The City of Chicago's Department of Finance, represented by City Clerk Anna M. Valencia, has issued a Notification of Sale for Sales Tax Securitization Bonds totaling $219,085,000. The bonds are part of the Refunding Series 2023D and Second Lien Refunding Series 2023C. The notification includes details such as series designation, principal amount, maturity schedule, interest rates, underwriters, and purposes for issuing the bonds. The bonds are priced to the first optional redemption date of January 1, 2033. The summary also outlines the terms of the Series 2023 Bonds, payment methods, and redemption options. Additional redemption provisions involve the Trustee assigning distinctive numbers to determine which bonds will be redeemed, with payment made on the designated date. If funds are not available, interest will continue to accrue.
| Date | Legislative body | Action |
|---|---|---|
| Date 2023-10-06 | Legislative body Chicago City Council | Action Introduced |