Illinois Student Assistance Commission plans $50 million revenue bonds

By Aaron Hochman-Zimmerman

New York, May 11 - The Illinois Student Assistance Commission announced plans to issue $50 million of series 2009 student loan revenue bonds, according to a preliminary notice of sale.

William Blair & Co., Cabrera Capital Markets and Grigsby & Associates Inc will act as underwriters for the negotiated deal.

The bonds will mature on May 1, 2014.

Proceeds will be used to make college loans.

The Illinois Student Assistance Commission is located in Deerfield, Ill.

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