Loop Capital Markets Initial Placement Agent for Illinois Tollway VRDN
$175 Million of Variable Rate Demand Notes issued by the Illinois Tollway Authority.
Loop Capital Markets recently served as lead initial placement agent on $175 Million of Variable Rate Demand Notes (VRDNs) issued by the Illinois Tollway Authority. The issuer generated substantial savings by swapping these bonds to synthetic fixed rate. This is the first time in the Firm’s history it served as a Co-Senior Manager and lead placement agent for the Tollway.
