Public finance/muni bonds reporter for Debtwire Municipals. chicago/CPS/Illinois, schools, Texas. Caitlin.devitt@acuris.com

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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  https://twitter.com/ChipB414/status/938434373271146496 
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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