A $300 million Illinois revenue offering will lead the activity in the primary market this week as part of an estimated $4.97 billion in new volume, which is on the lighter side due to the absence of large, billion-dollar deals that have dominated the calendar in recent weeks.

The Bond Buyer and Ipreo LLC project volume will decline from a revised $5.52 billion that actually came to market last week, according Thomson Reuters, when the largest deal was a $1.2 billion financing from the Iowa Financing Authority for the construction of a new nitrogen fertilizer plant in the state.

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