By Sheri Kasprzak
New York, Dec. 12 - The State of Illinois priced $350 million of series of December 2013 taxable general obligation bonds, according to a pricing sheet.
The bonds were sold competitively. The winning bidder was unavailable Thursday afternoon.
The bonds are due 2014 to 2020 with a term bond due in 2038. The serial coupons range from 1% to 4% with 0.75% to 4% yields. The 2038 bonds have a 5.65% coupon priced at par.
Proceeds will be used to finance capital projects within the state, school construction projects and transportation projects.
| Issuer: | State of Illinois
|
| Issue: | Series of December 2013 taxable general obligation bonds
|
| Amount: | $350 million
|
| Type: | Competitive
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $14 million | 2014 | Serial | 1% | 100.236 | 0.75%
|
| $14 million | 2015 | Serial | 1.28% | 100 | 1.28%
|
| $14 million | 2016 | Serial | 1.84% | 100 | 1.84%
|
| $14 million | 2017 | Serial | 2.69% | 100 | 2.69%
|
| $14 million | 2018 | Serial | 3.14% | 100 | 3.14%
|
| $14 million | 2019 | Serial | 3.60% | 100 | 3.60%
|
| $14 million | 2020 | Serial | 4% | 100 | 4.00%
|
| $252 million | 2038 | Term | 5.65% | 100 | 5.65%
|
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