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Yields hit 3.74 pct in initial pricing of $4.5 bln Illinois bonds
October 25, 2017 / 2:08 PM / in a month

Yields hit 3.74 pct in initial pricing of $4.5 bln Illinois bonds

CHICAGO, Oct 25 (Reuters) - A team of underwriters initially priced $4.5 billion of Illinois general obligation bonds on Wednesday with a top yield of 3.74 percent in a 2028 maturity, according to a preliminary pricing scale obtained by Reuters.

Most of the bonds, which are due in 2020 through 2028 in $500 million chunks, were offered with a 5 percent coupon.

Reporting By Karen Pierog

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