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Illinois to sell $6.75 bln of bonds by year-end
September 22, 2017 / 9:06 PM / 3 months ago

Illinois to sell $6.75 bln of bonds by year-end

CHICAGO, Sept 22 (Reuters) - Illinois will sell $6 billion of bonds in October to shrink the state’s unpaid bill backlog that hit a record $16 billion this week, the Governor’s Office of Management and Budget said on Friday.

The state also plans to sell up to $750 million of bonds in December to fund capital projects, according to the announcement.

Reporting by Karen Pierog; Editing by Richard Chang

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