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Loop Capital Markets Senior Manages a $125 Million New Money Issue for the State of Illinois

First of its kind $125 million new money issue.

Loop Capital Markets last month served as lead manager on a $125 million financing for the State of Illinois.  The bonds were rated Aa1/AAA and are secured primarily by sales tax revenues.  The bonds were structured with level principal amortization and a 25 year final maturity.

 
The transaction was unique because it is the first time the State used an all minority underwriting syndicate, legal team and the financial advisor was a woman owned firm.



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