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