Governor Ned M. Lamont
 

$400,000,000*
State of Connecticut
General Obligation Bonds
(2020 Series C)

The State intends to sell $400,000,000* of General Obligation Bonds during the week of June 8, 2020.

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 Retail Pricing: Wednesday, June 10, 2020
Expected Institutional Pricing: Thursday, June 11, 2020
Expected Closing and Delivery Date: Thursday, June 25, 2020

 

Transaction Overview*

Par Amount: $400,000,000*
Bond Program: General Obligation Bonds
Expected Structure: Serial Maturities 2021 to 2040*
Bond Insurance: None
Principal Payment Date: June 1st
Interest Payment Dates: June 1st and December 1st
Optional Redemption: 10-year Par Call (June 1, 2030)
Bond Type: Fixed Rate
Denominations: $5,000, or any integral multiples thereof
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 / Stable Outlook
S&P: A / Stable Outlook
Fitch: A+ / Stable Outlook
Kroll: AA- / Stable Outlook
Announcement: Tombstone Announcement
Preliminary Official Statement: Preliminary Official Statement
Investor Presentation: Investor Presentation

 

*Preliminary, subject to change.


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