New Issue: Illinois Finance sells $134.56 million refunding bonds for NorthShore University Health

By Sheri Kasprzak

New York, June 29 - The Illinois Finance Authority sold $134.555 million in series 2010 revenue refunding bonds for the NorthShore University Health System, according to a pricing sheet.

The bonds (Aa2/AA/) were sold through J.P. Morgan Securities Inc. The co-managers were Barclays Capital Inc., Wells Fargo Securities LLC and Loop Capital Markets LLC.

The bonds are due 2011 to 2022 with term bonds due 2025, 2029, 2030 and 2037. Coupons range from 2% to 5.25%. The 2025 bonds have a split maturity with a 4.6% coupon and a 5.25% coupon. The 2029 bonds have a 5% coupon, and the 2030 bonds have a 5% coupon. The 2037 bonds have a 5% coupon. The initial offering prices were not immediately available.

Proceeds will be used to redeem prior bonds and fund the termination of swap agreements.

Issuer:	Illinois Finance Authority/NorthShore University Health System
Issue:	Series 2010 revenue refunding bonds
Amount:	$134.555 million
Type:	Negotiated
Underwriters:	J.P. Morgan Securities Inc. (lead), Barclays Capital Inc., Wells Fargo Securities LLC and Loop Capital Markets LLC (co-managers)
Ratings:	Moody's: Aa2
	Standard & Poor's: AA
Pricing date:	June 29
Maturity	Type	Coupon
2011	Serial	2%
2012	Serial	3%
2013	Serial	4%
2014	Serial	5%
2015	Serial	3%
2015	Serial	5%
2016	Serial	3.25%
2016	Serial	5%
2017	Serial	5%
2018	Serial	4%
2019	Serial	5%
2020	Serial	5%
2021	Serial	5%
2022	Serial	5.25%
2025	Term	4.6%
2025	Term	5.25%
2029	Term	5%
2030	Term	5%
2037	Term	5%

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