Illinois Housing Development preps $102 million floating-rate notes

By Sheri Kasprzak

New York, April 22 – The Illinois Housing Development Authority is expected to price $102 million of series 2015 multifamily housing revenue floating-rate notes, according to a preliminary official statement.

The notes (Aaa) will be sold on a negotiated basis with Goldman Sachs & Co. as the senior manager.

The notes are due May 15, 2050.

Proceeds will be used to finance a loan to Marshall Field Preservation LP, operator of a multifamily rental housing unit on North Sedgwick Street in Chicago.

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