Buoyed by upgrades, Illinois to sell up to $2.5 billion of GOs – The Bond Buyer

Illinois plans to sell up to $2.5 billion of general obligation debt before the fiscal year closes June 30 in its first primary market outing to benefit from upgrades that put two of its ratings in single-A territory. The state plans to sell up to $1.5 billion of new money and is eyeing another up to $1 billion of current refunding bonds.

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