CHICAGO — Fiscally beleaguered Illinois enters the market on Thursday with $1 billion of taxable general obligation Build America Bonds, its first use of the federal stimulus program as the state seeks to raise new-money proceeds for its $31 billion capital program.

Barclays Capital is the senior manager with BMO Capital Markets and Bank of America Merrill Lynch serving as co-seniors and four other broker-dealers rounding out the team as co-managers. A.C. Advisory Inc. is financial adviser, Katten Muchin Rosenman LLP is bond counsel and Holland & Knight LLP is underwriters counsel.

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