Illinois Launching a $3.7B deal

New Illinois deal:

ISSUE: State of Illinois Taxable General Obligation Bonds
RATINGS: A1/A+/A (M/S/F)    S/D: 3/10/11      F/C: 9/1/11

MATURITY     AMOUNT           UST                 SPREAD
3/1/2014    100,000M       1.250 2/15/14        +280 BPS
3/1/2015    300,000M       2.000 1/31/16        +235 BPS
3/1/2016    600,000M       2.000 1/31/16        +280 BPS
3/1/2017    900,000M       2.625 1/31/18        +250 BPS
3/1/2018    900,000M       2.625 1/31/18        +280 BPS
3/1/2019    900,000M       3.625 2/15/21        +240 BPS


Attractive in the short/mid maturities, but don't know If I would take the risk at these levels.