Loop Capital Markets Serves as Joint-Bookrunner for $3.7 billion State of Illinois Pension Deal
February 23rd, 2011
On February 23, 2011, Loop Capital served as joint-bookrunning senior manager on the State of Illinois' $3.7 billion General Obligation Bonds, Taxable Series 2011. Proceeds will fund the State's pension obligations for FY 2011.
As part of the pre-marketing efforts, Loop Capital hosted a domestic road show that connected State senior level management with 65 different investors in six cities, including Chicago, New York, and Los Angeles. The successful pricing garnered significant domestic and international demand, and resulted in an attractive all-in cost of funds for the State.
