January 30. 2013 11:45AM

Illinois postpones $500 million bond sale

Illinois' $500 million general obligation bond sale that was scheduled to price on Wednesday has been postponed, said a market source.

This was Illinois' first deal since a state legislative session ended this month without any resolution to a huge unfunded public pension liability that threatens to erode the state's credit rating further.

Read more in Crain's Chicago Business.