Illinois Sells $800 Million of Debt Competitively to Wells Fargo, JPMorgan

January 12, 2012 01:28 Leave a Comment

By Brian Chappatta – Jan 11, 2012 6:21 PM GMT+0000

http://www.bloomberg.com/news/2012-01-11/illinois-sells-800-million-of-debt-competitively-to-wells-fargo-jpmorgan.html

Illinois sold $800 million of general-obligation bonds via competitive sale, including a $525 million tax-exempt portion won by Wells Fargo & Co. (WFC)

The 10-year segment of the tax-free sale was priced today to yield 3.1 percent, according to data compiled by Bloomberg. JPMorgan Chase & Co. won the bidding for $275 million of taxable bonds.

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