City of Chicago
GO Taxable Project and Refunding Series 2014B
Exact amount: $12,358,708.00
Calendar year 2026
Our estimateDerived, not printed: outstanding principal $195,735,000 x 6.314% = $12,358,708 (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 2037), 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_2014A&B_OS.tRtjeGigSX.pdf p.4 (6.314% term bond due 1/1/2044) and p.33 (first sinking fund installment 2037).
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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