27-507GOMB-MGMTB-B-54039 | Notice of Sale - $900,000,000 General Obligation Bonds, Series of October 2026

The State of Illinois, through the Governor’s Office of Management and Budget, is issuing $900 million in General Obligation Bonds as part of the Series of October 2026. The issuance is divided into three distinct series: Taxable Series October 2026A for $385 million, Series October 2026B for $263 million, and Series October 2026C for $252 million. These bonds are full faith and credit obligations of the State, issued in fully registered form without coupons, and are intended to fund authorized capital expenditures and accelerated pension benefit payments. The bonds are expected to be delivered via the Depository Trust Company in New York on or about October 14, 2026, with payments to be made in Chicago. Bids must be submitted electronically via the PARITY system by September 22, 2026. The award for each series will be granted to the bidder offering the lowest True Interest Cost, provided the bid conforms to the official terms. Key requirements for bidders include a purchase price of at least 100% of the aggregate par amount, a good faith wire deposit of $500,000, and adherence to specific underwriter discount limits for Series B and C. In the event of a tie in the lowest True Interest Cost, the State may either request that the bidders syndicate the award or select a winner by lot.