CHICAGO–(ENEWSPF)–February 24, 2011. The Governor’s Office of Management and Budget of the State of Illinois today is pleased to announce the successful sale of $3.7 Billion in taxable General Obligation Bonds at an average rate of 5.56% to be deposited into the Pension Contribution Fund. Funds from these bonds will reimburse or fund the State’s required deposit to its pension systems for fiscal year 2011. The bonds will have an 8 year final maturity with principal payments of $100 million due in 2014, $300 million in 2015, $600 million in 2016, and $900 million due annually from 2017 through 2019.
