CHICAGO — After spending the week in a heavy marketing campaign that includes international buyers, Illinois on Thursday or Friday will price nearly $3.5 billion of taxable general obligation bonds with a five-year maturity to help cover its fiscal 2010 pension payments.

The debt matures in equal installments over the next five years, a structure dictated by the legislation approved by lawmakers and signed by Gov. Pat Quinn last year as the state looked for ways to cut a $12 billion deficit.

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