Chicago Park District will sell nearly $147M in new bonds

The Chicago Park District (CPD) has announced that it will sell $146,810,000 worth of general obligation bonds on Oct. 5, 2021.

According to financial documents made available to investors, CPD will use proceeds from sales of the bonds to refund all of the outstanding principal and interest on over a half-dozen other bond issuances CPD has put out since 2013.

CPD will also use the proceeds "for the payment of capitalized interest on" the new bonds, along with fees associated with issuing the new bonds.

Links to CPD's financial disclosures appear below. The disclosures break the new issuance into five types:

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