Illinois Finance plans $125 million Rehabilitation Institute bond sale

By Sheri Kasprzak

New York, June 17 - The Illinois Finance Authority plans to price $125 million of series 2013A revenue bonds for the Rehabilitation Institute of Chicago, according to a preliminary official statement.

The bonds (//A-) will be sold on a negotiated basis with Goldman, Sachs & Co. and J.P. Morgan Securities LLC as the senior managers and Loop Capital Markets LLC as the co-manager.

The bonds are due 2033, 2043 and 2048.

Proceeds will be used to prepay the institute's series 2009A-C revenue bonds and to retire commercial paper notes.

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