Chicago schools to pay hefty 6.41 pct rate on second note tranche
June 26, 2017 at 18:18 PM EDT
CHICAGO, June 26 (Reuters) - The Chicago Public Schools finalized the second and last part of a short-term loan, placing $112 million of notes with J.P. Morgan at a huge initial interest rate of 6.41 percent, the cash-strapped district reported on Monday.