Wednesday, February 23, 2011

Illinois Sees Strong Demand For Its Pension Bond

Despite its well-publicized fiscal woes, Illinois hasn't had any trouble attracting investors for its $3.7 billion pension bond deal, expected to price later Wednesday in the municipal-bond market.

Initial indications on the deal Tuesday showed $6.1 billion in orders, with around a fifth of those coming from international investors, such as sovereign-wealth funds

This is from the Wall Street Journal and you may need a subscription to read all of the article:   Illinois Sees Strong Demand For Its Pension Bond

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