January 13, 2014 / 6:56 PM / in 4 years

Illinois to sell $1 bln of GO bonds on Feb. 6-state official

CHICAGO, Jan 13 (Reuters) - Illinois will sell $1 billion of general obligation bonds on Feb. 6 in its first tax-exempt debt deal since enacting reforms to its public pension system last month, a state official said on Monday.

John Sinsheimer, the state’s capital markets director, said the bonds will be priced through Citibank with proceeds earmarked for the state’s ongoing capital improvement program.

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