Illinois sells $3.7 billion in pension bonds, averaging 5.56% | Finance | Crain's Chicago Business

 

Illinois on Wednesday sold $3.7 billion in pension bonds, priced at an average price of 5.56% for securities whose maturities range from 2014 to 2019,

34.6 billion Illinois Teachers’ Retirement System, Springfield, expects to receive $2.2 billion from the bond sale and the $13.5 billion Illinois State Universities Retirement System, Champaign, $777 million.

The $9.97 billion Illinois State Employees' Retirement System expects to receive $690 million; the $420 million Illinois Judges' Retirement System, $47 million; and the $100.5 million Illinois General Assembly Retirement System, $9 million. The three plans are overseen by the $10.5 billion Illinois State Board of Investment, Chicago.

Read more: http://www.chicagobusiness.com/article/20110223/NEWS01/110229944/illinois-sells-3-7-billion-in-pension-bonds-averaging-5-56#ixzz1EqE1ImKZ
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