Last week Loop Capital Markets closed on a $562 million financing for the City of Chicago. The transaction was significant because it generated over $30 million in savings to City of Chicago.  In addition, the deal was one of the most complex completed in the municipal market this year and included the following components; $300 million of tax exempt new money bonds, $40 million of taxable bonds, $222 million of tax exempt variable rate bonds, of which all the bonds were swapped to a synthetic fixed rate.  Loop Capital Markets and Goldman Sachs served as co-counterparties to the swap transaction.