Illinois to price $700 million of Build America Bonds on Tuesday

By Sheri Kasprzak

New York, April 16 - The State of Illinois plans to come to market on Tuesday with $700 million of series 2010-3 general obligation taxable Build America Bonds, said a sales calendar.

The bonds (A2/A+/A+) will be sold through William Blair & Co. Inc. The co-managers are the Northern Trust Co., Edward Jones & Co., George K. Baum & Co. and RBC Capital Markets Corp.

Proceeds will be used to provide grants to public schools within the state, as well as to fund transportation projects and finance other capital projects.

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