City of Chicago
Series 2010B (Build America Bonds, taxable)
$20.9 million
Exact amount: $20,944,350.00
Calendar year 2026
Interest only: $315,500,000 at 6.395% ($20,176,225.00) plus $12,500,000 at 6.145% ($768,125.00), the two 2038 and 2040 term bonds that remain (par $328,000,000, matching the outstanding table). No principal falls due before the 2038 sinking fund installments. Check: 35% federal subsidy x (1 - 5.7% sequestration) = $6,912,683, and the 2026CD OS prints $6,912 thousand (Table B-4). Coupons from the 2010 OS cover ([private source]).
This is one old bond's yearly interest to the people who lent the money. It is fixed by the bond's printed rate, and it is already as small as the bond itself.
This box has no smaller boxes to open.
Sources
- City of Chicago O'Hare General Airport Senior Lien Revenue Refunding Bonds 2026C and 2026D, Official Statement dated 2026-08-21