The State's Credit Fundamentals Continue to Improve
28
Tentative FY 2019 – FY 2020 Bond Sale
Issuance Schedule
April 2019-
GO Pension
Acceleration
Bonds $300M
and Current
Refunding -
$152M
August 2019 -
$600M GO
capital bonds
/$700M GO
pension
acceleration
bonds
March 2020 -
$2B pension
funding bonds
- GO or new
credit
June 2019-
GO Backlog
Borrowing -
$1.5 billion
January 2020
- $500M GO
capital bonds
GO stands for General Obligation.
Note: Outlined is the projected bond sale issuance schedule; project related bond sales reflect current capital project needs.
The state will seek legislative authority to issue the March 2020 bonds as individual income tax (IIT) revenue bonds to
achieve more favorable pricing and demand from investors. Please note all par amounts are preliminary and subject to
change.
AL OF THE STAT
OF ILLIN
AUG. 26 1818View entire presentation