On June 16, 2010, Cabrera Capital Markets led an 8 member syndicate in the negotiated sale of $455 million of State of Illinois Sales Tax Bonds.

At a True Interest Cost (TIC) of 3.31%, the deal was very well received by investors despite a turbulent market.

The sale marks the second time in six months that the State has hired Cabrera to senior manage a Sales Tax transaction. In December 2009, Cabrera senior managed a Sales Tax bond issue of approximately $375 million.