Illinois Bonds (Illinois Municipal Bonds)

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Illinois bonds (Illinois Municipal Bonds) are offered by many local and state governments, universities and healthcare centers. Most Illinois municipal bonds are tax-exempt and aim at the welfare of the state and its people.[br]
 

Illinois Bonds (Illinois Municipal Bonds): Funds

The following are some popular funds offering Illinois bonds:


Illinois bonds (Illinois Municipal Bonds) are offered by many local and state governments, universities and healthcare centers. Most Illinois municipal bonds are tax-exempt and aim at the welfare of the state and its people.[br]

 

Illinois Bonds (Illinois Municipal Bonds): Funds

The following are some popular funds offering Illinois bonds:

The Illinois Finance Authority (IFA): This is a self-financed authority that issues both tax-exempt and taxable bonds. Formed in 2004, IFA also invests capital and makes loans for businesses, local government units, non-profit organizations and agriculture. It financed 780 projects amounting to over $15 billion since it was established for economic development of the state till 2009. In the 2008 fiscal year, the authority funded financing projects of more than $5 billion.

Cook County, Illinois‘ GO (General Obligation): These bonds were rated in October 2009, by Fitch as ‘AA-.’ The county offers credit pledge and full faith as security for the bonds. This rating was assigned due to the outstanding GO debt. The rating outlook is stable on all GO debt. The country increased sales-tax in 2009. However, the huge county health system heavily relies on tax subsidies.

 

University of Chicago Medical Center, Illinois: This University is a renowned academic medical center in the US and excels in clinical services. It is associated with University of Chicago’s (UC, or the university) Biological Sciences Division to offer advanced acuity services. UCMC offers tax-exempted revenue bonds. The rev RFDG bonds ser 2009 issued by the University were rated `AA+’ by Fitch.

 

Popular Illinois Bonds (Illinois Municipal Bonds)

The following are the popular Illinois Bonds:[br]

 

·              Northern Illinois University Revenues Auxiliary Facilities System;           Maturity Date: 2029-04-01 and Coupon/Interest Rate: 5.000%

·              Bi-state Development Agency Missouri Illinois Metropolitan Refunding Metrolink Cross County; Maturity Date: 2029-10-01 and Coupon/Interest Rate: 4.500%

·              Bolingbrook Illinois Capital Appreciation Refunding Series C; Maturity Date: 2020-01-01 and Coupon/Interest Rate: N/R

·              Chicago Illinois Midway Airport Revenue Series B; Maturity Date: 2028-01-01 and Coupon/Interest Rate: 5.000%

·              Bi-state Development Agency Missouri Illinois Metropolitan Refunding Metrolink Cross County; Maturity Date: 2029-10-01

·              Chicago Illinois O Hare International Airport Amt General Airport Third Lien Series D;

·              Maturity Date: 2034-01-01 and Coupon/Interest Rate: 5.000%

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