Illinois Finance eyes $56.97 million Columbia College refunding bonds

By Sheri Kasprzak

New York, Sept. 21 – The Illinois Finance Authority is set to price $56,965,000 of series 2015 revenue refunding bonds for Columbia College on Thursday, according to a preliminary official statement.

The deal includes $51,035,000 of series 2015A bonds and $5.93 million of series 2015B taxable bonds.

The bonds (/BBB+) will be sold on a negotiated basis with Loop Capital Markets LLC and BMO Capital Markets as the senior managers.

The maturities have not been set.

Proceeds will be used to refund the college’s series 2003, 2007 and 2011 revenue bonds.

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