Chicago Defers $292 Million Tax-Exempt Bond Sale as Yields Surge

Chicago put off the sale of about $292 million in tax-exempt bonds the city planned to sell this week as conflict in the Middle East rattles global markets.

The debt was a part of an $800 million package that the third-largest US city had scheduled to price on Tuesday, according to bond filings. Chicago proceeded to price the $511.9 million taxable general obligation bond portion of the deal.