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Illinois local governments offer steady stream of pension bonds

NOVEMBER 17, 2021 | by Yvette Shields | THE BOND BUYER

By Yvette Shields, includes “The wave of local Illinois governments turning to pension obligation bonds shows no signs of abating and could accelerate amid concern that the window is closing on record low interest rates. Wheaton sold $46 million last month. Berwyn is eyeing an issue and Moline plans to follow its neighbor East Moline into the market. They continue a trend that made Illinois the third largest source of POB issuance, behind California and Arizona, among local governments rated by S&P Global Ratings from the start of 2020 through September 2021.”

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