(Bloomberg) -- The city of Chicago and Community Medical Centers of central California will lead U.S. tax-exempt borrowers as new municipal bond issues drop to about $6 billion, the lowest in three weeks.
Chicago will sell $603 of general obligation bonds in a deal managed by Merrill Lynch & Co., while the Fresno, California-based nonprofit hospital network will borrow $327 million with Citigroup Inc. as managing underwriter. Banner Health of Phoenix also may offer $600 million of tax-exempt bonds as soon as this week.
Read more at Bloomberg Bonds News
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