Bond Chicagoland 5.5% ( US167486UP23 ) in USD

Issuer	Chicagoland
Market price	100 % ⇌
Country	United States
ISIN code	US167486UP23 ( in USD )
Interest rate	5.5% per year ( payment 2 times a year)
Maturity	01/01/2037
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Minimal amount	5 000 USD
Total amount	37 250 000 USD
Cusip	167486UP2
Next Coupon	01/01/2026 ( In 18 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. Investors are currently evaluating a particular U.S. dollar-denominated bond, identified by ISIN US167486UP23 and CUSIP 167486UP2, which is issued by the City of Chicago. The City of Chicago, a major U.S. municipality located in the United States and renowned for its vast economy, diverse public services, and role as a significant governmental issuer in the financial markets, issues such debt instruments to finance its extensive public infrastructure projects and operational needs. This specific bond features a 5.5% coupon rate and is currently trading at 100% of its face value on the market, offering investors semi-annual interest payments until its maturity on January 1, 2037. The total principal amount of this issue is $37,250,000, with a minimum purchase increment set at $5,000, allowing for participation from various investor types.