Illinois to sell $356 million G.O. bonds Tuesday for school projects

By Sheri Kasprzak

New York, April 5 - The State of Illinois expects to price $356 million in series 2010 taxable general obligation bonds on Tuesday, according to a sales calendar.

The bonds (A2//A-) will be sold competitively.

The offering includes $300 million in series 2010-2 Build America Bonds and $56 million in series of March 2010 taxable bonds.

Proceeds from the deal will be used to finance school district capital projects.

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