Public finance/muni bonds reporter for Debtwire Municipals. chicago/CPS/Illinois, schools, Texas.

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@Caitlindevitt — 1,368 followers, 1,598 tweets

Chicago sales tax securitization deal a "blowout" says market source -- spreads a measly 24bps over AAA on 26 bonds and 10-yr bonds down 22bps from yesterday. City picked a good day to come to market.
"it's a grabfest out there" one market guy said this morning, everything bid up 10 to 12bps 
Chicago begins selling its AAA “non COFINA” sales tax securitization today retail, may accelerate and sell all $574m. Yesterday’s marketing wire had +45 spread on tax exempt bonds and +75 to +100 on taxable. Compare Chicago GO circa +300 last deal.
City of Chicago gearing up for $575m sales tax securitization borrowing next week. Major new credit for the city with long-term implications. Retail set for Tuesday, institutional Wednesday.
BofA Merrill the winning bidder on Illinois' $655m of GOs, first tranche, which sold this morning w/ yield of 3.88% on 2026 bonds, 4.32% on 2036 bonds, 4.42% on 2042
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