Illinois: Interest in disaster area bonds may drive closing activity

By Devika Patel

Knoxville, Tenn., Sept. 15 - Illinois Finance Authority executive director Christopher Meister said in a board meeting report that he is "hopeful" that corporate borrowers' recent interest in Midwestern Disaster Area bonds and local governments' interest in Qualified Energy Conservation bonds will drive additional closing activity over the next several months. The bonds were included in the authority's agenda for the Sept. 13 meeting.

The disaster bonds are limited to 18 counties and expire Dec. 31, 2012.

The authority said it has also seen indications that not-for-profit higher education borrowers might have increased interest in tax-exempt bond financing during the first half of fiscal year 2012.

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