Chicago lures retail, ESG buyers to its first social bond deal
The city received $217 million of retail orders — a rarity in Illinois where local bonds don't benefit from state tax exemption — and interest from 11 ESG funds.
Source: bondbuyer.com
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Chicago's 'social bond' program lets residents invest in neighborhood improvements
The city has arranged the offer to go first to individual investors, with dibs to Chicago residents. Bond denominations can be as little as $1,000.
Source: suntimes.com
Chicago will debut first social bond under higher-rated STSC credit
Chicago's Sales Tax Securitization Corp. will sell $150 million of social bonds next month in the city's first ESG-labeled deal.
Source: bondbuyer.com
Chicago will pursue ESG investors and city residents in next GO sale
From disclosure to issuance labels, the Chicago finance team is shaping ESG practices that are top of mind for municipal market.
Source: bondbuyer.com
Chicago wraps up $1.45B refinancing for budget relief amid UST headwinds
Chicago's captured a new low in recent history on tax-exempt spreads but the taxables, which were downsized by $500 million, faced a tougher road amid Treasury volatility.
Source: bondbuyer.com