O’Hare International Airport has raised $1 billion through the sale of municipal bonds, The Wall Street Journal reports. The offering included a $235 million tranche of bonds, due in 2041 with a 6.1% yield. The proceeds from the bond sale will help O’Hare fund part of the second phase of its $8 billion expansion project. Citigroup has been appointed as the lead bookrunner of the debt sale.
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