Illinois Toll Highway Authority to sell $425 million revenue bonds

By Sheri Kasprzak

New York, July 2 - The Illinois State Toll Highway Authority is set to price $425 million of series 2013B toll highway senior revenue refunding bonds, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold through senior managers Goldman Sachs & Co. and Jefferies & Co. The co-managers are BofA Merrill Lynch, Siebert Brandford Shank & Co. LLC, Duncan-Williams Inc., Janney Montgomery Scott LLC, George K. Baum & Co. Inc., Baird & Co. and Williams Capital Group LP.

The bonds are due 2016 to 2024.

Proceeds will be used to refund the authority's series 2005 and 2006 revenue bonds.

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