Chicago defers big slice of bond sale as Mideast conflict upends yields – Crain’s/Bloomberg

The debt was a part of an $800 million package that the city had scheduled to price on Tuesday, according to bond filings. Chicago proceeded to price the $511.9 million taxable general obligation bond portion of the deal.
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9mm
2 months ago

Still waiting for Crain’s to write an article on how much lower gas prices at the pump would be for everyone struggling, if the minions in Springfield didn’t pass the second highest gasoline tax in the country.

Fullbladder
2 months ago

Credit’s drying up.

The Railroader
2 months ago

Suuuure, Crain’s. Nice talking points. It’s the Strait of Hormuz and not the straitjacket that should be applied to anyone considering <urinating> away their hard-earned cash (kept from the greasy clutches of the political animals) to buy these bonds.

Selling bonds to pay current and prior operating expenses is a red flag in that the flag is on fire and exploding in the claws of Godzilla before our very eyes.

No matter how much you hate the media, it’s never enough.

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