Governor Ned M. Lamont
 

$244,300,000*
State of Connecticut
General Obligation Refunding
Bonds (2019 Series B)

The State of Connecticut intends to sell $244,300,000* General Obligation Refunding Bond by competitive bid only to qualified institutional investment banking firms on Thursday, July 25, 2019.

Considerations

Before you buy any bonds, you should read the related Preliminary and final Official Statement, which will contain all available information about the bonds.

See the Official Statement for further and detailed information regarding the tax status of the bonds. Before deciding to purchase any bonds, investors should consult their tax advisors to determine the applicable federal, state and local tax consequences of owning any bonds.

 

Schedule*

Expected Competitive Bid: Thursday, July 25, 2019*
Expected Closing and Delivery Date: Wednesday, August 07, 2019*

 

Transaction Overview*

Expected Par Amount: $244,300,000*
Bond Program: General Obligation Bonds
Expected Structure: Serial Maturities 2020 to 2029
Principal Payment Dates: February 15th
Interest Payment Dates: August 15th and February 15th
Optional Redemption: Non-callable
Bond Type: Fixed Rate
Denominations: $5,000, or any integral multiples thereof
Expected Tax Status: Interest on the Bonds is exempt from Federal income tax and, for Connecticut residents, is also State tax-exempt.
Bond Ratings: Moody’s: A1
Standard & Poor’s: A
Fitch: A+
Kroll: AA-
Notice of Sale: Notice of Sale
Preliminary Official Statement: Preliminary Official Statement
Investor Presentation: Investor Presentation

 

*Preliminary, subject to change.

 


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