By Sheri Kasprzak
New York, April 1 - The State of Illinois priced $250 million in series of April 2010 general obligation bonds Thursday, according to a pricing sheet.
The bonds (A2/A+/A) were sold competitively. J.P. Morgan Securities Inc. won the bid with a 1.02% true interest cost.
The 2.5% bonds, which are due March 31, 2011, were not reoffered.
Public Resources Advisory Group was the financial adviser.
Proceeds will be used to fund capital projects throughout the state.
| Issuer: | State of Illinois
|
| Issue: | Series of April 2010 general obligation bonds
|
| Amount: | $250 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities Inc. (winner)
|
| True interest cost: | 1.02%
|
| Maturity: | March 31, 2011
|
| Coupon: | 2.5%
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Fitch: A
|
| Pricing date: | April 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
