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Illinois paper is trading at tighter spreads than it did amid the original coronavirus surge, though they remain much higher than in February.
July 14 -
The municipal market saw a $40 billion-plus month for the second time this year, as issuers flooded the market with bond sales during the month of June.
June 30 -
The state's ratings, just one rung above junk, are holding steady after analysts' initial review of a fiscal 2021 budget that pins hopes on future federal relief.
June 4 -
Illinois said Tuesday it signed an agreement for the Municipal Liquidity Facility to purchase its one-year certificates. Closing is expected Friday.
June 2 -
A report from a University of Illinois task force examining the impacts of COVID-19 lays out projected job, income, and economic activity losses into next spring.
May 28 -
The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.
May 26 -
With the status of federal relief uncertain, Illinois may ask lawmakers for approval to borrow as much as $4.5B through the Fed's MLF to deal with a coronavirus pandemic tax hit in fiscal 2021.
May 20 -
The Federal Reserve opened the door to participating in a competitive bidding process for short-term notes, a requirement in Illinois law.
May 18 -
Investors scooped up Illinois’ $800 million deal as the state dug deep into its pockets .
May 14 -
A pre-pricing wire will be discussed by the state, its syndicate, and advisors early Wednesday ahead of a decision on whether to launch the deal or remain on the day-to-day calendar.
May 12