Cook County Fiscal Strength Presentation
Series 2021BC Transaction Summary
Issue
■ General Obligation Refunding Bonds, Series 2021B and Taxable General Obligation Refunding
Bonds, Series 2021C (collectively, the "Series 2021BC Bonds")
Ratings
☐
Moody's: A2 (Stable) / S&P: A+ (Stable) / Fitch: AA- (Stable)
Principal Amount*
☐
$247,745,000
Security
☐
Use of Bond
Proceeds*
Tax Status
Structure*
Optional Redemption*
■ General Obligations secured by the full faith and credit of the County
County is obligated and covenants and agrees to levy ad valorem taxes upon all the taxable
property in the County for the payment of the Bonds
No limitation as to rate or amount
Pledged taxes directly deposited into Bond Fund and may not be withdrawn by County for non-debt
service purposes
(i) Refund all of the County's outstanding General Obligation Refunding Bonds, Series 2011A and
Taxable General Obligation Refunding Bonds, Series 2011B for debt service savings and (ii) pay
certain costs of issuance
■ 2021B Federally Tax-Exempt / Series 2021C Federally Taxable
■ Illinois Taxable
■ Fixed rate bonds due November 15, 2022 through 2028 with interest commencing May 15, 2022
■ Not subject to optional redemption prior to maturity
* Preliminary, subject to change.
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