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Article: BancAmerica Securities-Led Chicago Public Schools Bond Offering Named 'Deal Of The Year'
- Article from:
- PR Newswire
- Article date:
- January 31, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Jan. 31 /PRNewswire/ -- BancAmerica Securities' Chicago Public Finance team led the Chicago Public Schools' triumphant return to the public bond market in 1996 after a 20-year absence with a $350 million, fixed-rate offering named "Public Finance Deal of the Year" by Institutional Investor and Governing magazines, the first bond issue ever to win both awards.
When the Illinois state legislature turned over control of the Chicago Public Schools to Mayor Daley last March, his hand-picked team launched an ambitious five-year, $850 million capital improvement plan. From a pool of more than 30 competing underwriters, BancAmerica Securities' Chicago Public ...