Series of November 2019 Capital Bonds

THE STATE AUG. 96 1818 MILLIONS General Obligation Bond Overview • • • General Obligation bonds are backed by the full faith and credit of the State There is a continuing appropriation in place to ensure bond repayment without action by the General Assembly GOBRI is a separate fund in the Treasury that is dedicated to the payment of debt service on GO bonds and short-term debt Segregation of funds for debt service begins 12 months in advance for principal payments and 6 months in advance for interest payments • As of October 1, 2019, all of the State's outstanding debt is fixed rate, with no variable rate debt or interest rate swap agreements Current Par Outstanding¹ 7.6 Bonds $5.5 Billion Capital Improvement and Refunding Bonds $13.1 Billion Pension Bonds $8.9 Billion $3,500 $3,000 $2,500 GENERAL OBLIGATION FISCAL YEAR DEBT SERVICE 7.7 Bonds Total $0.3 Billion $27.7 Billion $2,000 $1,500 $1,000 $500 $- 2020 2021 2022 1. Amounts are as of October 1, 2019 2023 2024 2025 2026 2027 2028 2029 Principal Interest 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2041 2042 2043 OF ILLINOI 2044 Outstanding Debt Fixed Rate 100% 28

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