Bond Chicagoland 5.25% ( US1674855Q05 ) in USD

Issuer	Chicagoland
Market price	100 % ⇌
Country	United States
ISIN code	US1674855Q05 ( in USD )
Interest rate	5.25% per year ( payment 2 times a year)
Maturity	01/01/2027
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Minimal amount	5 000 USD
Total amount	13 515 000 USD
Cusip	1674855Q0
Next Coupon	01/01/2026 ( In 167 days )
Detailed description	Chicago is a major city in Illinois known for its iconic architecture, vibrant cultural scene, and significant contributions to American industry and commerce. This financial article presents an overview of a municipal bond issued by the City of Chicago, a major metropolitan area and significant issuer within the United States' municipal bond market. As the third-most populous city in the U.S. and the largest in Illinois, Chicago boasts a robust and diversified economy encompassing key sectors such as finance, manufacturing, technology, transportation, and professional services, underpinned by its strategic geographic location and extensive infrastructure. The city routinely issues bonds to finance essential public projects, infrastructure development, and a variety of civic initiatives, reflecting its ongoing fiscal management and commitment to urban development. This particular fixed-income instrument, identified by ISIN US1674855Q05 and CUSIP 1674855Q0, is currently trading at 100% of its face value in USD on the secondary market. It carries an annual interest rate of 5.25%, with coupon payments disbursed semi-annually to investors. The total principal amount of this specific bond issuance is $13,515,000, with a minimum purchase quantity set at $5,000. The bond is scheduled to reach its maturity on January 1, 2027.