CHICAGO — The Illinois Finance Authority board signed off on three new financings at its meeting Tuesday, including the first to take advantage of its new cross-border conduit issuance powers.

The IFA board approved Skokie-based Covenant Retirement Communities Inc.’s private placement of new-money and refunding bonds totaling up to $70 million. The system plans to refund debt sold in 1999, 2004, and 2006 and raise funds for capital projects.

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