Chicago Board of Education preps $178.1 million G.O. refunding bonds

By Sheri Kasprzak

New York, March 17 – The Chicago Board of Education is set to price $178.1 million of series 2015 dedicated alternative revenues general obligation refunding bonds, according to a preliminary official statement.

The offering includes $89.2 million of series 2015A Sifma index bonds and $88.9 million of series 2015G Sifma index bonds.

The bonds will be sold through senior managers PNC Capital Markets LLC and BMO Capital Markets and co-managers Cabrera Capital Markets LLC, Loop Capital Markets LLC and Siebert Brandford Shank & Co. LLC.

The 2015A bonds are due March 1, 2032, and the 2015G bonds are due March 1, 2032.

Proceeds will be used to refund the board’s series 2013B-C unlimited tax G.O. bonds.

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