Illinois Finance to price $50 million bonds for University of Chicago

By Sheri Kasprzak

New York, July 27 - The Illinois Finance Authority plans to price $50 million in series 2009C revenue bonds for the University of Chicago, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Barclays Capital Inc. The co-managers are Loop Capital Markets LLC and Cabrera Capital Markets LLC.

The maturities have not been set.

Proceeds will be used reimburse the university for the costs of constructing, acquiring and equipping a new hospital pavilion.

The authority is based in Chicago.

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