Illinois to bring $1 billion general obligation certificates Thursday

By Sheri Kasprzak

New York, May 12 - The state of Illinois is scheduled to price $1 billion in series 2009 general obligation certificates on Thursday, according to a notice of sale released Tuesday.

The certificates will be sold on a competitive basis with Scott Balice Strategies as the financial adviser.

Half of the certificates are due April 26, 2010 and the other half on May 20, 2010.

Proceeds will be deposited to the state's general fund to relieve cash flow pressures.

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