Chicagoans' Cost to Exit Swap Agreements Approaches $300 MillionBy and
City is selling $439 million in wastewater debt Wednesday
Borrowing will convert variable-rate sewer debt to fixed-rate
Chicago’s attempt to clean up a legacy of wrong-way bets on interest rates is costing taxpayers at least $270 million since Moody’s Investors Service cut its rating to junk in May, city documents show.
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