(Bloomberg) -- Chicago, today's largest municipal borrower, will sell almost $600 million of general obligation bonds to refinance debt and help pay for roads, infrastructure, city buildings, and other capital projects.
The most populous city in the U.S. Midwest is offering $550 million of debt that will pay interest exempt from U.S. federal taxes and an additional $44 million of federally taxable bonds. Merrill Lynch & Co. is managing the bond sale.
Read more at Bloomberg Bonds News
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