Second Lien Bond Determination Certificate regarding issuance of City of Chicago Water Revenue Bonds Project Series 2023C Taxable
The bonds will bear an interest rate of 5.14% per annum and will mature on November 1, 2056. The bonds are subject to optional redemption prior to maturity at the option of the city. The Bank of New York Mellon Trust Company has been selected to serve as the trustee under the Indenture. The total amount to be borrowed through the issuance and sale of the bonds is $336,000,000.