CHICAGO - Southern Illinois University will enter the market as soon as next Thursday with $54 million of tax-exempt and taxable Build America Bonds in a deal led by BMO Capital Markets, which the school picked due to its work on a handful of similarly structured BAB transactions over the last two weeks.

The revenue bond deal's timing and use of the BAB program still hinges on interest rates and taxable and tax-exempt spreads. The university's financial adviser John Vincent said, "There is sufficient benefit for Southern in the current market, so we are trying to get to the market as soon as possible."

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