Illinois Environmental Protection Agency and Illinois Finance Authority Successfully Complete Sale of Series 2025 Green Bonds
SPRINGFIELD – On April 16, 2025, the Illinois Environmental Protection Agency (Illinois EPA) and the Illinois Finance Authority (IFA) closed the State of Illinois Clean Water Initiative Revolving Fund Revenue and Refunding Bonds, Series 2025 (Green Bonds), and successfully yield $544.2 million of proceeds for Illinois EPA’s State Revolving Fund (SRF) Programs. “Illinois continues to receive strong bids from the bond market, amid the economic uncertainty being created on the federal level,” said Governor JB Pritzker. “Our strong fiscal discipline is allowing us to save taxpayers money, while also providing local governments the capital to replace lead pipes and create economic opportunities across the state.” Consistent with prior bond issues, Fitch Ratings and S&P Global Ratings, the Series 2025 Green Bonds were priced at a premium on March 31 and April 1. These new funds will support Illinois EPA’s mission of financing critical water infrastructure
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