Welcome, Monday, September 6, 2010

Loop Capital Markets Leads Historical Deal for City of Chicago

Loop Capital Markets serves as Book-Running Senior Manager on $330 million Refunding.

Loop Capital Markets recently served as Book-Running Senior Manager on the $330 million tax-exempt and taxable Revenue and Refunding Bonds for the City of Chicago.  The transaction provided substantial savings to the City.  In addition, Loop Financial Products acted as Swap Counter-Party on $150 million soon to be issued variable rate bonds which will be swapped to a synthetic variable rate.  Loop Capital Markets will also serve as lead remarketing agent on approximately $200 million of Variable Rate Demand Notes (VRDNs) to be issued later this month by the City.