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Illinois Plans $350 Million Bond Sale After Pension Vote

Illinois plans to offer $350 million in general-obligation bonds on Dec. 12 in a competitive sale, according to John Sinsheimer, the state’s director of capital markets.

The deal will be Illinois’s first general-obligation offering since June. The Democrat-dominated General Assembly tomorrow will consider a solution to the nation’s worst-funded U.S. public pension system that’s designed to save $160 billion over 30 years.