CHICAGO — The Illinois State Toll Highway Authority next week is set to sell up to $760 million of advance refunding bonds, and is planning a new-money issue of at least $500 million later this year as it continues on track with a $6 billion expansion and reconstruction program.

Next week’s transaction will advance refund a significant chunk of the ISTHA’s $1 billion new-money issue in 2006, refinancing the deal’s longer maturities. The deal is broken into two series, each for the same size, with Goldman, Sachs & Co. serving as the senior manager.

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