City of Chicago

GO Taxable Project Series 2010B (Build America Bonds)

Exact amount: $16,052,929.00

Calendar year 2026

Derived, not printed: outstanding principal $213,555,000 x 7.517% = $16,052,929 (rounded to the dollar), interest for the payments Jul 1 2026 and Jan 1 2027. No principal falls due in the 2026 window (first sinking fund installment 2036), so the year's interest is exactly the balance times the coupon. Gross of any federal subsidy. Balance: 2026AB OS Table 3 (BondLink PDF p.24), which equals the ACFR Table 25 balance at 12/31/2025. Coupon and terms: GO_2010B_OS.OYfAEh411h.pdf p.1 (7.517% term bond due 1/1/2040), p.25 (first sinking fund installment 2036) and p.65 (the statement itself prints $16,052,929 of interest every year).

This is one bond's yearly payment to the people who lent the money, and it is already as small as the bond itself.

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