Illinois State Toll Highway plans $400 million revenue bond offering

By Sheri Kasprzak

New York, Nov. 16 – The Illinois State Toll Highway Authority is slated to sell $400 million of series 2015B toll highway senior revenue bonds on Wednesday, according to a preliminary official statement.

The bonds (Aa3/AA-/AA-) will be sold through senior manager Ramirez & Co. Inc.

The co-managers are Barclays, Goldman Sachs & Co., J.P. Morgan Securities LLC, Fifth Third Securities Inc., Oppenheimer & Co., Piper Jaffray & Co., PNC Capital Markets LLC and Stifel, Nicolaus & Co.

The bonds are due 2027 to 2040.

Proceeds will be used to finance highway capital improvements.

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