Governor Ned M. Lamont
 

$500,000,000*
State of Connecticut
Taxable General Obligation
Bonds (2020 Series A)

The State intends to sell these Bonds the week of May 25, 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 Pricing: Thursday, May 28, 2020
Expected Closing and Delivery Date: Thursday, June 11, 2020

 

Transaction Overview*

Par Amount: $500,000,000*
Bond Program: Taxable General Obligation Bonds
Expected Structure: Serial Maturities 2021 to 2030*
Bond Insurance: None
Principal Payment Date: July 1st
Interest Payment Dates: July 1st and January 1st
Optional Redemption: Make-Whole Redemption
Bond Type: Fixed Rate
Denominations: $5,000, or any integral multiples thereof
Tax Status: Interest on the Bonds is not exempt from Federal
income tax. Interest on the Bonds is exempt from Connecticut taxable income.
Bond Ratings: Moody’s: A1 / Stable Outlook
S&P: A / Stable Outlook
Fitch: A+ / Stable Outlook
Kroll: AA- / Stable Outlook
Investor Presentation: Investor Presentation
Preliminary Official Statement: Preliminary Official Statement

 

*Preliminary, subject to change.


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