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Illinois State Toll Highway eyes $340 million highway revenue bonds
By Sheri Kasprzak
New York, Dec. 3 – The Illinois State Toll Highway Authority is on tap to price $340 million of series 2016A toll highway senior revenue refunding bonds, according to a preliminary official statement.
The bonds will be sold through RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC. The co-managers are Wells Fargo Securities LLC, William Blair & Co. Inc., Duncan-Williams Inc., George K. Baum & Co. Inc., KeyBanc Capital Markets Inc., Janney Montgomery Scott LLC, Mesirow Financial Inc. and Baird & Co.
The bonds are due 2031 to 2032.
Proceeds will be used to refund the authority’s series 1998B, 2007A and 2008A bonds.
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