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Illinois State Toll Highway Authority markets $400 million of senior revenue bonds
By Cristal Cody
Tupelo, Miss., Oct. 27 – The Illinois State Toll Highway Authority plans a $400 million offering of series 2014C toll highway senior revenue bonds, according to a preliminary official statement.
The bonds have serial maturities from 2027 through 2039.
Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the bookrunners. Co-managers are Loop Capital Markets; William Blair & Co.; Cabrera Capital Markets, LLC: Mesirow Financial, Inc.; PNC Capital Markets LLC; Raymond James & Associates, Inc.; Williams Capital Group, LP and US Bancorp.
Proceeds will be used to pay a portion of improvement costs for the toll-way system.
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