Illinois plans to price $1.2 billion G.O. certificates via competitive sale

By Cristal Cody

Springdale, Ark., April 14 - Illinois expects to price $1.2 billion general obligation certificates in a competitive sale on Thursday, according to a sale notice from the governor's office.

The series April 2008 certificates are due May 23, 2008 and June 17, 2008.

D.A. Davison and Co. is the state's financial adviser.

Proceeds will be used to provide mid-fiscal year liquidity to the state's general fund and hospital provider fund for inpatient and outpatient payments to hospitals in the state.

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