Yield on Chicago School Bond Offering Hits 5.63%; Debate Over Risk; Miracles Not Coming; Bankruptcy the Sensible Option
MishTalk
APRIL 21, 2015
That is 285 basis points higher than Municipal Market Data''s benchmark triple-A scale. Today a $295.7 million bond offering by the beleaguered Chicago Board of Education hit the market. The Yield Hit 5.63%. Debate Over Risk Municipal Market Analytics (MMA) says Despite it All, Chicago Schools'' Default Risk is Low. billion in the hole?
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