Illinois to convert, tender Northwestern's $50 million 2008-B bonds

By Tali David

Minneapolis, Feb. 8 - Illinois Finance Authority plans to convert all $50 million of its series 2008-B adjustable-rate revenue bonds on March 1, according to a notice.

The bonds, which were issued for Northwestern University, are subject to mandatory tender for purchase at par plus accrued interest on the conversion date.

Wells Fargo Bank, NA is the trustee.

Northwestern University is a private research university with campuses in Evanston and Chicago, Ill.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.