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KM Financial Solutions | UPDATE 1-Illinois sells first $1.5 bln of bonds to pay overdue bills
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UPDATE 1-Illinois sells first $1.5 bln of bonds to pay overdue bills

16 Oct UPDATE 1-Illinois sells first $1.5 bln of bonds to pay overdue bills

Posted at 17:16h in News by
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CHICAGO, Oct 17 (Reuters) – Illinois on Tuesday sold the
first $1.5 billion of a planned $6 billion of tax-exempt debt in
the U.S. municipal market, with Bank of America Merrill Lynch
winning $1 billion of general obligation bonds and J.P. Morgan
Securities winning $500 million of bonds in competitive bidding.

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