Loop Capital Markets acted as senior manager on the City of Chicago’s $232,905,000 Sales Tax Revenue Bonds, Series 2011A & B. Proceeds of the issue were used to refund certain outstanding sales tax revenue bonds and general obligation bonds, capitalize a portion of the interest, and pay the cost of issuance.
Loop Capital's latest transaction highlights
SunTrust Banks, Inc. issued $750 million in 5-year senior unsecured notes with a 3.5% coupon on October 27, 2011. The deal was priced at 235 basis points over the 10-year U.S. Treasury.
On August 17, 2011, the world's biggest theme-park operator issued $1.85 billion of senior unsecured notes consisting of three tranches: $750 million of 5-year notes with a 1.35% coupon, $750 million of 10-year notes with a 2.75% coupon, and $350 million of 30-year notes with a 4.375% coupon.
Northern Trust Co., a global leader in banking, asset management and asset administration, issued $500 million of senior unsecured notes on August 17, 2011.
Loop Capital Serves as Underwriter and Remarketing Agent for The Regents of the University of California
On Wednesday, July 26, 2011, The Regents of the University of California successfully sold $150 million Taxable General Revenue Bonds, 2011 Series Z.
On May 24, 2011, American International Group, Inc. (AIG) completed a secondary offering of 300 million common shares, of which 200 million shares were sold by the U.S. Treasury.