Illinois Finance defeases $397.91 million of 2008B University of Chicago bonds

By Tali Rackner

Norfolk, Va., Aug. 12 – The Illinois Finance Authority defeased $397,905,000 of its series 2008B revenue bonds issued for the University of Chicago, according to a notice.

The following will be partially redeemed at par plus accrued interest at maturity:

• $2.25 million of 5% bonds due July 1, 2015;

• $2,365,000 of 5% bonds due July 1, 2016; and

• $2,485,000 of 5% bonds due July 1, 2017.

The following will be redeemed in full at par plus accrued interest on July 1, 2018:

• $52.35 million of 5.5% bonds due July 1, 2019;

• $49.41 million of 5.5% bonds due July 1, 2021;

• $11.75 million of 5.25% bonds due July 1, 2022;

• $22,985,000 of 5.25% bonds due July 1, 2023;

• $32.21 million of 5.5% bonds due July 1, 2028;

• $48.15 million of 5.75% bonds due July 1, 2033;

• $78.75 million of 5.5% bonds due July 1, 2037; and

• $95.2 million of 6.25% bonds due July 1, 2038.

Wells Fargo Bank, NA is the trustee.

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