CHICAGO - The Illinois Student Assistance Commission as soon as Thursday will enter the market with a unique tax-exempt $50 million sale of student loan revenue bonds that along with a federal guarantee of 97% on the underlying loans will carry the full faith and credit pledge of the state of Illinois and monoline insurance.

William Blair & Co. and Cabrera Capital Markets LLC are co-senior managers and Grigsby & Associates Inc. is the sole co-manager. Scott Balice Strategies is financial adviser, Foley & Lardner LLP is bond counsel, Perkins Coie LLP is underwriters' counsel, and Chapman and Cutler LLP is issuer's counsel.

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