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Illinois preps $3.7 billion sale of series 2011 taxable G.O. bonds
By Sheri Kasprzak
New York, Jan. 24 - The State of Illinois is set to bring $3.7 billion of series 2011 taxable general obligation bonds, said a preliminary official statement.
The bonds will be sold through joint bookrunners Morgan Stanley & Co. Inc., Goldman, Sachs & Co. and Loop Capital Markets LLC. The senior managers are Mesirow Financial Inc. and William Blair & Co. The co-senior managers are BMO Capital Markets, Edward Jones & Co. and the Northern Trust Co. The co-managers include Blaylock Robert Van LLC, Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., George K. Baum & Co., RBC Capital Markets Corp. and Wells Fargo Bank, NA.
The bonds are due 2014 to 2019.
Proceeds will be used to finance school capital needs and fund the state's retirement system requirements.
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