Illinois BidBuy #27-507GOMB-MGMTB-B-54039

Illinois Solicits Electronic Bids for $900 Million General Obligation Bonds (Series of October 2026)

The State of Illinois, through the Governor's Office of Management and Budget, is seeking electronic bids for the purchase of $900 million in General Obligation Bonds, issued in three series. - Government Buyer: - State of Illinois, Governor's Office of Management and Budget (Director: Alexis Sturm) - Products/Financial Instruments Requested: - $385,000,000 General Obligation Bonds, Taxable Series of October 2026A - Maturities: 2027-2037 - Interest rates up to 6.50% - Subject to make-whole call prior to maturity - $263,000,000 General Obligation Bonds, Series of October 2026B - Maturities: 2037-2044 - Interest rates between 5.00% and 5.50% - Subject to optional redemption - $252,000,000 General Obligation Bonds, Series of October 2026C - Maturities: 2045-2051 - Interest rates between 5.00% and 5.75% - Subject to optional redemption - Notable Requirements: - Bids must be submitted electronically; no in-person or faxed bids accepted - Bonds are fully registered, book-entry only - Bonds are direct, general obligations of the State, backed by full faith and credit - Proceeds will fund pension benefit payments, capital projects (including Rebuild Illinois), and issuance costs - Bonds rated A1 (Moody's), A (S&P), and A- (Fitch) - Optional and mandatory redemption provisions apply - No OEMs or traditional vendors are involved, as this is a financial instrument sale

Description

This solicitation is for the sale of $900,000,000 in General Obligation Bonds issued by the State of Illinois in three series: $385,000,000 Taxable Series of October 2026A, $263,000,000 Series of October 2026B, and $252,000,000 Series of October 2026C. The bonds will be sold via electronic bids submitted through the PARITY system by September 22, 2026. The bonds are fully registered, book-entry only, and payable over various years as detailed in the official notice. The sale is managed by the Office of Management and Budget of Illinois, and detailed official notices and bid forms are attached.

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