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Chicago Board of Education to sell $547.34 million G.O. bonds, BABs
By Sheri Kasprzak
New York, Sept. 8 - The Chicago Board of Education is set to price $574.335 million in series 2009 general obligation bonds on Thursday, according to a sales calendar.
The offering includes $501.915 million in series 2009E unlimited tax general obligation Build America Bonds and $45.42 million in series 2009F tax-exempt unlimited tax G.O. bonds.
The bonds will be sold on a negotiated basis with Merrill Lynch & Co. Inc. as the senior manager. The co-managers are Siebert Brandford Shank & Co. LLC, Northern Trust Co., Duncan-Williams Inc., Grigsby & Associates Inc., Jefferies & Co. and William Blair & Co.
Proceeds will be used to fund capital improvements throughout the city's schools.
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