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Published on 2/10/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Illinois defeases $157.24 million of University of Chicago bonds

By Tali David

Minneapolis, Feb. 10 - Illinois Educational Facilities Authority defeased $157.24 million of The University of Chicago revenue bonds, series 2003A, according to a news release.

The bonds will be redeemed on July 1, 2013.

Amalgamated Bank of Chicago is the trustee.

The authority is under the Chicago-based Illinois Finance Authority, which provides funding for nonprofit organizations. The university is also located in Chicago.


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