Chicago Public Schools
Bond series 1998B-1
$59.0 million
Exact amount: $59,000,000.00
FY2026 (July 2025–June 2026)
Principal $14,606,630 plus interest $44,393,370. Rate 4.55%-5.22%, final payment 12/01/31, paid from IGA / PPRT. Whole FY2026 payment is the final value of the bonds that mature 12/1/2025 (capital appreciation bonds). It ties to the Official Statement: $59,000,000 at maturity.
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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All items
| Box | Amount | % of this budget |
|---|---|---|
| Series 1998B-1: interest that built up since 1998 (accreted interest) | $44,393,370.00 | 75.2% |
| Series 1998B-1: money borrowed in 1998 (principal) | $14,606,630.00 | 24.8% |
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