Lehman to Lead Big CHA Bond Issue

CHICAGO-Lehman Brothers has been selected by the Chicago Housing Authority to lead manage its upcoming bond issue, which could be large as $750 million.

By Ted Jackson | Updated on October 23, 2000

CHICAGO-The Chicago Housing Authority has selected Wall Street investment firm Lehman Brothers to lead manage its upcoming bond issue, according to Pat Verduzco, the CHA’s acting CFO.

Ms. Verduzco said that Salomon Smith Barney will be acting as co-senior manager of its first ever issue, which is expected to be a 10-year maturity and range from $600 million to $750 million in size.

The two Wall Street firms will be working with the CHA to determine the rest of the underwriting group, which will be selected from among 27 other firms. The issue is expected to hit the market sometime in the first quarter.

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